BitgetTurns5 – In Every Era, There Are Those Who Look Towards the Stars

Today we, the Bitget community, stand at the pinnacle of a remarkable journey — Bitget’s 5th anniversary! This is a moment of triumph, a testament to the unwavering dedication and indomitable spirit that define us as a team. As we raise our glasses to toast half a decade of relentless progress, let us extend our heartfelt gratitude to every invaluable member of the Bitget family — our esteemed users, our dedicated team, and our invaluable partners.

Embracing the 10% Philosophy

Bitget‘s journey was born from a unique belief – the belief in being part of the 10% who stand their ground when the tide recedes. This belief has become the cornerstone of our company’s core values and mission. It propels us forward in the blockchain domain, driving us to explore and grow continuously. In retrospect, 2018 marked the rise of Ethereum and the dawn of a cryptocurrency frenzy. However, as crypto prices plummeted, most speculators fled, leaving only a resilient 10% still holding their ground. It was during this pivotal moment that Bitget emerged. We envisioned a crypto revolution that will reform the way finance works and people invest forever, creating a more equitable future.

The Marathon Runner’s Approach

Unlike those exchanges that rise swiftly only to vanish quickly, we’ve adopted the marathon runner’s approach. We’ve crafted user-friendly, robust tools, empowering individuals to securely, conveniently, and efficiently integrate into the future of finance. Placing our users at the forefront, we concentrate on product innovation, adhere to long-term values, and tirelessly strive for improvement. Since the latter half of 2021, we’ve expanded our global operations at breakneck speed, achieving global coverage and serving over 20 million users from 100+ countries and regions. We firmly believe that to attain long-term success in the digital asset realm, we must offer diverse services to meet users’ varying needs. Thus, we’ve adopted a progressive strategy, consistently broadening our business horizons and establishing a comprehensive trading ecosystem. This ecosystem encompasses trading, investment, research, DeFi, media, and more. Today, the Bitget group is far more than just a cryptocurrency exchange. It has evolved into a robust ecosystem encompassing a diverse range of products, an incubator for innovation, a thriving hub for groundbreaking ideas, a dedicated research institution, and a pioneering force in setting trends. We no longer merely follow trends; we forge them. Recently, within our ecosystem, BitKeep was officially renamed to Bitget Wallet, with total users surpassing 12 million, ranking first across key metrics in Asia. Foresight News has become the largest and most influential media in the Manderin-speaking world. Foresight Ventures has invested in 77 projects totaling over $60 million USD, including renowned companies like Space and Time, WalletConnect, Sei Network, Gitcoin, and Shardeum. Foresight X has incubated 12 early-stage projects spanning areas like AI+Web3, Bitcoin ecosystem and LSDFi. In addition, Bitget continues to support emerging Layer 2 networks, contributing to the sustainable growth of the industry.

A Commitment to The Next Generation

Our journey of expansion extends beyond business boundaries. It’s an active endeavor to fulfill our social responsibilities by nurturing young talents. This May, Bitget launched the #Blockchain4Youth global charity campaign to encourage the younger generation to embrace the world of crypto. Our inaugural “Crypto Experience Day” event on International Youth Day (August 12, 2023) spanned 10 global regions, Japan, Argentina, Australia, Taiwan, Nigeria, and India, to name a few, attracting over 1,000 young participants. Over the next 5 years, Bitget plans to invest $10 million in this program to support young talent and enrich the entire crypto ecosystem.

Look Towards The Stars

In the face of challenging market conditions, our confidence in the future of crypto remains unshaken. When others are looking down, there are those who look towards the stars. History bears witness to this truth. In 1492, Columbus discovered the New World. In 1776, Watt invented the first steam engine. In the late 19th century, Nikola Tesla ushered in a new era with alternating current and wireless transmission. No matter the risks, challenges, and uncertainties, we firmly believe that great undertakings are accomplished by pioneers who do not stick to the rules. In every era, there are those who look towards the stars!

A Better Bitget Ahead

From pioneering copy trading services and educational programs tailored for Gen Z users to set the highest security standards in the industry and the insightful market reports from our think tank, we’ve become a multifaceted force for progress. We take immense pride in witnessing our initiatives embraced by other industry players. Today, we stand at the forefront of innovation, shaping the future of the cryptocurrency landscape. As we celebrate our achievements, we remain steadfast in our values – “Do the right thing, Honesty earns trust and Turn Wins into Win-Wins”. We find ourselves in a remarkable era where the global digital asset market is expanding rapidly. With industry evolution and improving infrastructure, digital assets have become an integral part of the global financial system. Bitget stands at the forefront of this era, and our momentum is unstoppable. To every member of the Bitget team – you are the heart and soul of our journey. Together, let’s stay true to our initial purpose, pursue excellence, innovate relentlessly, and contribute to the prosperity of the cryptocurrency industry. Here’s to the next five years and beyond – let’s continue to navigate the crypto cosmos!


Managing Director at Bitget

Three Factors That Could Drive the Next Crypto Bull Run

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Every event requires a catalyst a spark that will precipitate the explosion that comes next. It’s been that way since the Big Bang, and crypto is no different.

When Bitcoin enters full bull season again, the breakout will occur overnight, and yet the seeds that triggered it will have been planted long ago.

A plethora of macro and micro forces will dictate the timing, ferocity and duration of the next bull run that giddy phase when a market enters ‘up only’ mode and assets good and bad post-double-digit gains just for fun.

We don’t know the day or hour when crypto will break bullish. But we know that it’s coming, as sure as night follows day.

And when it does occur, odds are that the following factors will play a pivotal part in crypto’s stellar story.


The first driver of Bitcoin’s ascent and where BTC leads the rest of the market inevitably follows is the approval of an ETF (exchange-traded fund).

Institutions have been trying to get one over the line for years, but the SEC has always said no, citing the potential for market manipulation.

But now BlackRock’s decided it wants one, and what the investment giant wants, it invariably gets.

In recent months, CEO Larry Fink has begun saying nice things about Bitcoin while its ETF application grinds its way through the torturous approval process.

Meanwhile, other players have gotten in on the act, filing and refiling their own initiatives.

The general consensus is that an ETF will be approved sooner rather than later, and that when it occurs, it will be a major driver of greater price discovery for BTC and other crypto assets.

The approval of a Bitcoin ETF means that pension funds can get direct exposure to crypto for the first time.

It also validates crypto as an asset class, opening the door to additional ETFs, with Ethereum (ETH) the likeliest coin to be green-lighted next.

As for when the mythical Bitcoin ETF is likely to occur, odds are one will be approved within H2 or by Q1 of 2024 at the very latest.

The halvening

If crypto still hasn’t kicked into high gear by Q1 of next year, don’t despair the next potential driver will be imminent.

Next May, Bitcoin will undergo its four-yearly halving schedule or ‘halvening‘ as it’s commonly known. This is when the block reward issued to miners reduces by half.

At present, 6.25 BTC are issued approximately every 10 minutes. From May, this reward will diminish to 3.13 BTC.

In real terms, the reduction in new supply won’t have a major effect on the market half a million dollars of BTC being sold every hour is easily absorbed.

The real significance of the halvening lies in the psychological effect it exerts.

For one thing, it’s a calendar event that can be pre-traded and post-traded empirically BTC tends to rise a few months after the halvening.

For another thing, the reduced issuance rate reinforces the scarcity meme. It’s a tangible reminder, in other words, that there will only ever be 21 million Bitcoins and demand for the remaining supply is going to intensify.

Whatever reasons one may postulate for the halvening’s effect on price, there’s no denying there’s a correlation between the two. The only matter to be decided is when it kicks in pre- or post-halvening.

The regulating

Crypto regulation is often described in a negative context, as something to dampen the market rather than ignite it.

This is understandable since much of the attempts at regulating the industry, particularly emanating from the US, have been overzealous in their reach and risk stifling innovation.

The SEC under its current chair Gary Gensler has come in for particular criticism for its desire to declare major crypto assets as securities while arguably doing little to protect investors, which is the agency’s remit.

Be that as it may, regulation is an attempt at providing clarity and delivering investor protection, and when measured, it can achieve these aims.

To be fair to regulators, crypto is an industry that’s constantly shape-shifting, and no sooner have policymakers wrapped their heads around one concept algorithmic stablecoins or DeFi than its participants have moved on to the next use case.

Crypto is a big target, but it’s also a moving one that’s proven hard to nail.

Nevertheless, there are signs emerging that better regulation is on the way both in the US and Europe that will support greater participation from consumers and institutions alike.

Stablecoins and digital payments are receiving recognition, while the UK has declared its intention to provide greater consumer protection.

In April, the EU followed suit, implementing a harmonious framework for digital asset regulation.

Creating consumer FOMO is the last thing on regulators’ minds they have no desire to spark a digital gold rush.

Regardless, there will reach a point at which the most egregious proposals have either been turned into law or rejected in favor of more benign alternatives.

When that happens, confidence will return to the markets, clearing the way for a move up and potentially a multi-year bull market.

It may be the halvening, it may be the BlackRock ETF or it could be more favorable regulations that kickstart the next bull run.

Whatever the spark, the resulting conflagration is inevitable. Like a dry forest in a heatwave, it’s merely a case of when.

Gracy Chen is the managing director of the crypto derivatives exchange Bitget, where she oversees market expansion, business strategy and corporate development. Before joining Bitget, she held executive positions at the fintech unicorn company Accumulus and Foxconn-backed VR startup XRSPACE.


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