Bitget COO Predicts Bear Market to Persist Until 2025
The altcoin season is unlikely to occur, and the downturn in the cryptocurrency market, driven by global uncertainty, will continue until the end of 2025. This was stated by Bitget’s Chief Operating Officer, Vugar Usi Zade, during the “Podcast Society” on ForkLog’s YouTube channel.
“President [Donald] Trump often talks about cryptocurrency, but I don’t think the US will open its market to foreigners anytime soon, as we’ve already seen tariffs and so on,” he noted.
According to the top manager, the first cryptocurrency could reach $200,000-250,000, but a positive scenario requires the end of armed conflicts and stabilization of the global economy.
“They say the American economy is facing a downturn this year. […] If the negative situation continues, unfortunately, we won’t see any bull run until next year,” emphasized Vugar Usi Zade.
He also added that with the emergence of cryptocurrency exchange-traded funds and initiatives to create bitcoin reserves, the community has lost sight of Satoshi Nakamoto’s original idea of free transactions. Instead, digital gold is used for accumulation and hedging by major players.
“I am against institutional involvement in bitcoin because its idea was that every transaction is conducted between people, peer-to-peer, without intermediaries. But what do we see in the market? Strategy, BlackRock, and all the others are just buying and holding bitcoins. Every day, the number of coins moving in the markets decreases,” concluded the Bitget COO.
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