Bitget COO Predicts Conditions Needed to End Crypto Bear Market

«President [Donald] Trump frequently discusses cryptocurrency, but I don’t believe the U.S. will eventually open its market to foreigners. We’ve already witnessed tariffs and more,» he remarked.

According to the executive, the first cryptocurrency could reach $200,000 to $250,000, but only if conflicts are resolved and the global economy stabilizes.

«They say a recession is looming for the American economy this year. […] If the negative trends persist, unfortunately, we won’t see any bull run until next year,» emphasized Vugar Usi Zade.

He also noted that with the rise of cryptocurrency exchange-traded funds and initiatives to establish Bitcoin reserves, the community has lost sight of Satoshi Nakamoto’s original vision — transactions that are free and peer-to-peer. Instead, digital gold is now being utilized for accumulation and hedging by large institutions.

«I am against institutional involvement in Bitcoin, as its core idea was for each transaction to occur directly between individuals, without intermediaries. But what do we see in the market? Companies like Strategy, BlackRock, and others are simply buying and holding Bitcoin. Each day, fewer coins are circulating within the markets,» concluded the COO of Bitget.

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