$30K Bitcoin Again? Bitget CEO Breaks Down What Happens Next

I would consider Bitcoin more as a commodity or a proxy to M7 US stocks. It's probably the best pure capture of liquidity. If you are a long-term holder right now, it's a good price to buy or to do dollar cost averaging at least.

Yeah. Okay. So, I would say three main things. The first two are very macroeconomic related or it just applies to all the financial asset classes. The third one would be more crypto-native. The first reason in my opinion is the new Fed chairman nominated chairperson Walsh being a known hawk when it goes to his monetary and fiscal policy. So there is a little bit of uncertainty around when do we have the interest rate cuts and when do we start a QE, something like that. So it's becoming more bearish and that's why you see it wasn't just Bitcoin went down, right? It was also gold, silver had a single day 40% drop, that's crazy. So this kind of macroeconomic sentiment applied to all financial asset classes. The second reason I would say is probably around geopolitical tensions, especially a potential war from the US to Iran and some other trade war etc. So it's more geopolitical tensions. But the third reason is crypto-native. What I mean by that is after 10/10 last year, the liquidity in the crypto world is much shallower. And as an exchange, we actually see a week after 10/10 on average it's about 20 to 40% drop of the trading volume from our retail users. And think about it, where are top exchanges seeing this kind of data? And then if you think about the longer tail, like smaller exchanges, you know, they may not be able to even survive. But the idea is generally liquidity is becoming shorter not just from the crypto-native exchange side but also from DAT. Many of the DAT and NAV, the multiple of net asset value of the underlying assets that they have is going to one, meaning they are losing the premium and the ETF outflow, we also saw that data from BlackRock iShares for example. So all these together means when liquidity is very shallow, very low, any kind of price change of Bitcoin can have like this spiral effect. And then back to your question, what do I see in 2026 for Bitcoin price prediction? I would say if you are a long-term holder, right now it's a good price to buy or to do dollar cost averaging at least. But if you are very, very sensitive in the short run, like for example you cannot afford any loss, then there are certain funds like that, if they are raising funds etc, the crypto liquid fund will not be able to bear any big downturn because from the current price of 70k, I think it could still go down another 40% or so. When I say I think it may happen, doesn't mean it will happen.

We could, because the last bear cycle after FTX collapsed, the Bitcoin price went down from 65K, the last all-time high in 2021 or 2020-ish, to around 16k, right? So that's divided by four if you do a quick mathematics. So this current cycle the all-time high was 126k and if you divide it by four it's somewhere like 30k plus. So that's how I think about the sentiment and price change.

Could be more than maybe 35k. Yeah. Could be, but again I don't really think it will necessarily happen, especially we will need to monitor how it goes later this year around monetary policy, especially around quantitative easing.

I wouldn't think Clarity Act as a strong or a main factor of Bitcoin price change. Clarity Act is a good act around more mass adoption of cryptocurrency, you know, stablecoin, exchanges and cryptocurrency, etc. But the price change of Bitcoin is still, I would consider Bitcoin more as a commodity or a proxy to M7 US stocks because of the fact that it is a pure, it's probably the best pure capture of liquidity. So I would say liquidity, QE, interest rate cut, these kind of issues are the main factor. Clarity Act, Genius Act, stablecoin, RWAs, these are minor factors.

We are super bullish on two things: RWA and AI. So RWA, real world assets, if you look at the current RWA market, there are private credit, private equity, stocks, bonds, non-governmental bonds or governmental bonds like T-bills, everything, nearly all the major financial asset classes can be tokenized and in my opinion will be tokenized. We as an exchange, because of our retail user base, what they are more interested in is trading tokenized US stocks and then tokenized money market funds as a wealth management tool. So we've already onboarded all of these. For example, tokenized US stocks. One of the major players right now is, we've actually partnered with both Ondo and a few other suppliers. Actually, we contributed, according to on-chain data, we contributed to nearly 90% of their trading volume. So we are their largest distributor. Accumulative trading volume of tokenized stocks on Bitget have already surpassed 1.5 billion USD. So many of our users are interested in trading that. But even if you know, 1.5 billion, okay, a lot of volume there, but if you look at the traditional financial assets of stocks itself versus the RWA, the tokenized stocks, I think this is still a very small market. The percentage of these two is probably only like 0.6% of the total market and I see lots of growth potential over there. So that's what we mean by RWAs. However, I want to point out that there are a lot of people who are thinking about tokenizing, for example, real estate, tokenizing an art piece. I kind of think them as more of a fake pain point because those users who used to trade, for example, real estate or arts, it's very asymmetric information and very objective in terms of the valuation in each individual property, right? It's very different country to country, regulation wise also very different. So if there is no highly involving kind of governmental supervision around real estates, I wouldn't think tokenizing real estate is a good idea, at least not for us as an exchange platform to offer that to our users. So when we look at RWAs, I just feel like we need to point out the fake kind of RWAs, absolutely, from my point of view.

Not sure if it's a money making machine though, but I think it's a very interesting kind of friend. I consider Gracy AI to be a leader or a friend in the space. Basically, it's an AI version of me. So, you know, this weekend is Valentine's Day. So, we purposely launched it before Valentine's Day and during Consensus so that we can involve Gracy AI to, you know, date multiple crypto users there.

Yeah, they can talk about crypto. They can also talk about life because Gracy AI, the library or the brain of the Gracy AI is actually coming from all my public sharing. I do talk a little bit about personal life, personal choices, women leadership, how to run an exchange, what are we looking at in terms of the crypto world and where is Bitget heading to? So something like that they can talk to Gracy AI.

I can't. I can't. It's all separate. And also we use lots of language models to enable the fact that Gracy AI can interact with people. By the way, it's not just a chatbot. It also has a 3D version of me, right? That will change clothes like from Valentine's Day to next week Chinese New Year, then from pink to red, and maybe later on Ramadan, a little bit more religious kind of festival.

Maybe more like celebrate different festivals. So, it's more of a marketing campaign that we have. But back to if you want to trade with or you want to have some good trading advisor from Bitget AI, we do have another product that's more fitting to your need which is called GetAgent. We actually launched GetAgent a long time ago, a few months ago last year and GetAgent fulfills that need. So you can ask that agent if today Bitcoin price went down, you can ask it to help you analyze and all the data are very updated, like up to seconds.

I'm bullish on AI but I wouldn't necessarily call it just AI agents because the power or the influence that we see from all these artificial intelligence is that people are just using AI every day with or without knowing. We are bullish on the AI's ability to help people, number one, interact, you know, this kind of Gracy AI or AI agent, just more like agent, but interaction. Also using AI for operation to be more efficient. For example, exchanges like we have 2,200 employees around the world, multiple departments, we can use AI to help us solve a lot of costs and a lot of problems like know your transaction, KYT. We use AI to detect every transaction to see if there's potential frauds. We also use AI to help our internal team to solve certain problems better, like customer service team. Although some customer service are empowered by AI but even if it's like a real human being interaction you can use the library that AI built for it to be more efficient. So a lot of departments at Bitget are using AI already and I'm also very bullish on AI for five years.

I think RWA has actually a lot of opportunities. But the RWA kind of projects, especially if it's a startup, I think a challenge for this sector is the team or the founding team, they need to speak the languages of both crypto world and TradFi world and that's the barrier. Not a lot of people can do that. But if they can, I think RWA sector has a lot of opportunities.