Bitget CEO Gracy Chen Lays Out the Case for an “Inevitable” $1 Million Bitcoin Price

A new era is unfolding for the cryptocurrency market, according to Bitget CEO Gracy Chen. She believes the influence of institutional money has fundamentally redefined how Bitcoin and altcoins move, making the long-held, retail-driven market cycles a “relic of the past.”

inevitable

Chen emphasizes the significance of institutional participation. The market is now being shaped by entities like endowment funds, pension groups, and family offices — not miners or whales. This shift, fueled by the approval of Bitcoin spot ETFs and clearer crypto regulations in the United States, marks a turning point.

Besides, Chen highlights a strong between M2 money supply and Bitcoin’s price. As central banks pivot toward easing and increasing M2, she expects continued upward pressure on risky assets, especially cryptocurrencies.

According to her, Bitcoin could reach $150,000 to $180,000 in 2025, depending on macro conditions. Ethereum, meanwhile, could climb to $3,500 or higher especially if stablecoin usage and Layer 2 developments catch up.

Solana may pose Ethereum’s biggest challenge in the next bull run. Chen points to faster transaction speeds and stronger on-chain community culture as Solana’s edge. However, she maintains Ethereum’s dominant position in institutional adoption, especially due to its role in stablecoin transactions. Solana could grow faster in percentage terms, but Ethereum remains the more secure and compliant chain in the eyes of institutions.

Moreover, both Ethereum and Solana may eventually benefit from ETF approval in the U.S., boosting visibility and legitimacy. Chen remains bullish on both, holding equal amounts in her personal portfolio.

Chen warns of two looming threats, political shifts and systemic failures. A change in U.S. leadership could derail the current pro-crypto stance. Additionally, another collapse like FTX could damage the industry’s reputation. She urges exchanges to maintain transparency, publish proof-of-reserves, and implement protective funds for users.

Significantly, Chen concludes that the crypto market is maturing. Large drawdowns may still happen, but a total collapse like in earlier cycles seems increasingly unlikely. For long-term investors, the game has changed and the boss level may be closer than it appears.