Bitcoin ETF optimist and Worldcoin skeptic Gracy Chen: Hall of Flame
Gracy Chen, managing director of global cryptocurrency exchange Bitget, advised her followers and friends not to scan their eyeballs in exchange for a few Worldcoin tokens.
“There’s a huge privacy concern,” she tells Magazine, adding that she isn’t optimistic about its price prospects given the anticipated influx of WLD tokens in the near future.
“There will be much more released in the upcoming year or two,” she explains.
Chen admits that her gig with Bitget is pretty cool, but it also means her American pals constantly bug her for favors.
“Since we stopped onboarding U.S. customers, I’ve had lots of friends who hold a U.S. passport ask if they can get a little back way to open an account.”
“I refuse a lot of requests like that. It is a red line that we just don’t cross,” Chen says.
Before she started steering strategy at Bitget, Chen worked as an anchor and producer at Phoenix TV’s tech and finance channel, a major player in China’s media scene.
However, a billion-dollar idea came knocking and quickly led Chen away from journalism.
In 2015, she co-founded a tax startup designed for freelancers, and it skyrocketed to unicorn status in just three years.
“It’s a financial tech company. So, what they do is they provide services for freelancers. They serve the freelancers and provide taxation and salary automation services,” she says.
However, one of her proudest achievements was having football legend Lionel Messi join the Bitget team as a partner.
Chen says Messi faced stiff competition from many candidates, but Bitget ultimately selected him due to his paternal qualities and similarities with the exchange.
“He had a good reputation as a father, husband and team leader, and also we kind of see some similarity between Bitget and Messi,” she states.
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Chen says that Bitget started in a bear market, and similarly, Messi suffered from growth hormone deficiency when he was young and first starting out in the sport.
“He’s not tall. He is at a disadvantage, so he had a very hard starting point as well.”
What led to Twitter fame?
Chen explains that she discovered her love for Twitter, now X, only after snagging her high-ranking crypto position.
“My Twitter following began in crypto. I guess I wasn’t really active on Twitter when I was a journalist because I was mainly covering the Asian market and reporting in Mandarin,” says.
Chen has a very friendly-natured approach to X, explaining breaking events in broken-down, easy-to-understand threads for her followers.
However, she observes that her Twitter following surges during the same periods Bitget’s business activity spikes.
“My followers grew during a certain period of time, from the end of last year to earlier this year. That’s a period of time when I see a singularity point where you see exponential growth, and that’s also when we had growth in our company.”
“So, I would contribute my success or any sort of achievement or following number mainly to Bitget’s growth,” she adds.
What type of Twitter content can you expect?
Chen’s Twitter account offers serious variety. You’ll get a glimpse into her jet-setting escapades, and who knows, you might even stumble upon some wild travel inspiration.
But when the crypto world goes haywire — whether it’s lawsuits, exchanges going down or everything in between — Chen serves up honest breakdowns in bite-sized portions.
What type of content do you like?
Chen has mixed feelings about Twitter, thinking it can sometimes become a raucous battleground.
“Twitter is basically a very noisy place. Everyone is changing their opinions and trying to be attention grabbers,” Chen declares.
She reveals that she enjoys seeing updates from Altcoin Daily and Coin Bureau, but she advises hardcore Crypto Twitter addicts to tear their eyes away from the screen every now and then.
“I would highly recommend anyone who is a heavy user of crypto information on Twitter to spend at least one hour or two away from social media and do fundamental research and talk to a group of trustworthy friends.”
Predictions
Chen firmly believes that Bitcoin exchange-traded funds are on the path to approval, though 2023 might not be the year it happens.
“Not this year — we only have three months left this year. Maybe early 2024,” she predicts.
She hints that it could be a “very good driving force” for the next bull market.
When it comes to Coinbase and Binance’s showdown against the SEC, Chen suggests Coinbase might be in safe waters — but Binance could be in for a rollercoaster.
“I personally think that Coinbase is a pretty well-regulated, U.S.-driven crypto exchange, so the lawsuits might be settled by some fines. As for the SEC vs. Binance, it is much trickier.”
However, she is confident that Binance’s legal warriors will put up a good fight:
“I think they have a very, very big and strong legal team to battle this fight.”
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Satoshi Nakamoto, the pseudonymous creator of Bitcoin, marks their 50th birthday amid a year of rising institutional and geopolitical adoption of the world’s first cryptocurrency.
The identity of Nakamoto remains one of the biggest mysteries in crypto, with speculation ranging from cryptographers like Adam Back and Nick Szabo to broader theories involving government intelligence agencies.
While Nakamoto’s identity remains anonymous, the Bitcoin (BTC) creator is believed to have turned 50 on April 5 based on details shared in the past.
According to archived data from his P2P Foundation profile, Nakamoto once claimed to be a 37-year-old man living in Japan and listed his birthdate as April 5, 1975.
Source: Web.archive.org
Nakamoto’s anonymity has played a vital role in maintaining the decentralized nature of the Bitcoin network, which has no central authority or leadership.
The Bitcoin wallet associated with Nakamoto, which holds over 1 million BTC, has laid dormant for more than 16 years despite BTC rising from $0 to an all-time high above $109,000 in January.
Satoshi Nakamoto statue in Lugano, Switzerland. Source: Cointelegraph
Nakamoto’s 50th birthday comes nearly a month after US President Donald Trump signed an executive order creating a Strategic Bitcoin Reserve and a Digital Asset Stockpile, marking the first major step toward integrating Bitcoin into the US financial system.
Related: Bitcoin at 16: From experiment to trillion-dollar asset
Nakamoto’s legacy: a “cornerstone of economic sovereignty”
“At 50, Nakamoto’s legacy is no longer just code; it’s a cornerstone of economic sovereignty,” according to Anndy Lian, author and intergovernmental blockchain expert.
“Bitcoin’s reserve status signals trust in its scarcity and resilience,” Lian told Cointelegraph, adding:
“What’s fascinating is the timing. Fifty feels symbolic — half a century of life, mirrored by Bitcoin’s journey from a white paper to a trillion-dollar asset. Nakamoto’s vision of trustless, peer-to-peer money has outgrown its cypherpunk roots, entering the halls of power.”
However, lingering questions about Nakamoto remain unanswered, including whether they still hold the keys to their wallet, which is “a fortune now tied to US policy,” Lian said.
Related: Bitcoin’s next catalyst: End of $36T US debt ceiling suspension
Is Satoshi Nakamoto wealthier than Bill Gates?
In February, Arkham Intelligence published findings that attribute 1.096 million BTC — then valued at more than $108 billion — to Nakamoto. That would place him above Microsoft co-founder Bill Gates on the global wealth rankings, according to data shared by Coinbase director Conor Grogan.
Satoshi’s new addresses. Source: Conor Grogan
If accurate, this would make Nakamoto the world’s 16th richest person.
Despite the growing interest in Nakamoto’s identity and holdings, his early decision to remain anonymous and inactive has helped preserve Bitcoin’s decentralized ethos — a principle that continues to define the cryptocurrency to this day.
Magazine: 10 crypto theories that missed as badly as ‘Peter Todd is Satoshi’
The United States stock market lost more in value over the April 4 trading day than the entire cryptocurrency market is worth, as fears over US President Donald Trump’s tariffs continue to ramp up.
On April 4, the US stock market lost $3.25 trillion — around $570 billion more than the entire crypto market’s $2.68 trillion valuation at the time of publication.
Nasdaq 100 is now “in a bear market”
Among the Magnificent-7 stocks, Tesla (TSLA) led the losses on the day with a 10.42% drop, followed by Nvidia (NVDA) down 7.36% and Apple (AAPL) falling 7.29%, according to TradingView data.
The significant decline across the board signals that the Nasdaq 100 is now “in a bear market” after falling 6% across the trading day, trading resource account The Kobeissi Letter said in an April 4 X post. This is the largest daily decline since March 16, 2020.
“US stocks have now erased a massive -$11 TRILLION since February 19 with recession odds ABOVE 60%,” it added. The Kobessi Letter said Trump’s April 2 tariff announcement was “historic” and if the tariffs continue, a recession will be “impossible to avoid.”
Source: Anthony Scaramucci
On April 2, Trump signed an executive order establishing reciprocal tariffs on trading partners and a 10% baseline tariff on all imports from all countries.
Trump said the reciprocal tariffs will be roughly half the rate US trading partners impose on American goods.
Related: Bitcoin bulls defend $80K support as ‘World War 3 of trade wars’ crushes US stocks
Meanwhile, the crypto industry has pointed out that while the stock market continues to decline, Bitcoin (BTC) remains stronger than most expected.
Crypto trader Plan Markus pointed out in an April 4 X post that while the entire stock market “is tanking,” Bitcoin is holding.
Source: Jeff Dorman
Even some crypto skeptics have pointed out the contrast between Bitcoin’s performance and the US stock market during the recent period of macro uncertainty.
Stock market commentator Dividend Hero told his 203,200 X followers that he has “hated on Bitcoin in the past, but seeing it not tank while the stock market does is very interesting to me.”
Meanwhile, technical trader Urkel said Bitcoin “doesn’t appear to care one bit about tariff wars and markets tanking.” Bitcoin is trading at $83,749 at the time of publication, down 0.16% over the past seven days, according to CoinMarketCap data.
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