Gracy Chen, the managing director of global cryptocurrency exchange Bitget, has cautioned her followers and friends against participating in the Worldcoin token scan which requires the scanning of their eyeballs. Chen expressed concerns about the privacy implications of this practice, stating that she does not have high hopes for the price of WLD tokens due to the expected increase in token supply in the near future.
Furthermore, Chen disclosed that her role at Bitget has attracted a lot of attention from her American friends who have been requesting special favors to open an account. However, Chen draws a clear line and refuses such requests, emphasizing that Bitget does not onboard U.S. customers.
Before joining Bitget, Chen had a successful career as an anchor and producer at Phoenix TV’s tech and finance channel in China. However, her entrepreneurial spirit led her away from journalism when she co-founded a tax startup catering to freelancers. Within three years, the startup achieved unicorn status, cementing Chen’s reputation as a prominent figure in the financial tech industry.
Chen also expressed pride in having football legend Lionel Messi join the Bitget team as a partner. Among numerous candidates, Messi stood out for his qualities as a father, husband, and team leader, which resonated with the values of Bitget. Chen drew parallels between Messi’s early challenges in his football career and Bitget’s inception during a bear market, highlighting resilience and determination as defining characteristics of both Messi and Bitget.
Prominent on Twitter, Chen’s following grew exponentially during periods of increased business activity for Bitget. She attributes her success and following on the platform to the growth of the company. Chen uses Twitter to provide simplified explanations of complex crypto events, creating easy-to-understand threads for her followers. She acknowledges the noise and volatility on Twitter, cautioning users to balance their reliance on social media with fundamental research and discussions with trusted peers.
Looking ahead, Chen predicts that Bitcoin exchange-traded funds (ETFs) will eventually gain approval, potentially driving the next bull market. However, she believes this may not happen until early 2024. Regarding the legal battles between Coinbase and Binance against the U.S. Securities and Exchange Commission (SEC), Chen suggests that Coinbase may reach a settlement with fines, while Binance’s situation is more complicated. Nevertheless, she expresses confidence in Binance’s legal team to mount a strong defense.
In conclusion, Gracy Chen’s role as the managing director of Bitget has garnered attention and influence within the cryptocurrency community. Her insights on privacy concerns, business strategies, Twitter usage, and predictions for the industry provide valuable perspectives to her followers and friends.