Key Takeaways
- Gracy Chen, managing director at cryptocurrency exchange Bitget, joins the CoinJournal podcast
- Bitget has not only avoided layoffs, but are hiring
- Chen talks about her journey into crypto, the bear market, the future and more
It’s been a turbulent last year or so for crypto.
Then industry has contracted massively following the bull market hysteria during the pandemic years of 2020 and 2021. Layoffs have besieged the space, with the macro climate turning bearish alongside some crypto-native scandals to make matters worse.
But it’s not all bad. I spoke with Gracy Chen, Managing Director of crypto exchange Bitget, who not only has avoided layoffs, but is actually hiring.
We chatted about her unusual journey into crypto – something I always find interesting – as well as the expansion of Bitget, with it only being launched in 2018. Chen also delved into what has helped them avoid layoffs, with a relatively lean team of employees to begin with, especially compared to some other exchanges.
Of course, it is difficult to talk about crypto and not mention some of the headwinds that have struck the industry over the last year or so. We talk through the FTX collapse, the falling volume and prices in the space, and all the rest of the bear market challenges.
Chen has been vocal on Twitter about her bullishness of Bitcoin, something I could not resist asking her about. I won’t spoil it here, but she gives a prediction on the Bitcoin price in ten months time. Price predictions are something that many guests are reluctant to do, so hat tip for the bravery!
All in all, Chen has had a very intriguing journey through crypto, and in working at Bitget, is in the heart of the storm. It was fun chatting to her about her story and getting her take on the bear market, the future of crypto, and her insight into Bitget. We’ll make sure to get her on again!
- Listen on Spotify here
- Other platforms and podcast homepage here
- Reach out to Dan on Twitter: @DanniiAshmore
- Follow Gracy’s Twitter: @GracyBitget
- Get the latest on Bitget: www.bitget.com
- Follow Bitget on Twitter: @bitgetglobal
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Podcasts have become increasingly popular in recent years. Recently, Gracy Chen of Bitget, a digital asset platform, spoke on a podcast about her experience of working at a crypto exchange amid the bear market.
Gracy shared her insight on the crypto exchange and its role in the bear market. She spoke of how a crypto exchange allows buyers and sellers to interact easily with each other in order to trade their digital assets. Gracy explained that this allows buyers and sellers to make informed decisions about their investments and also helps protect their funds.
Gracy discussed how the recurring bear market has impacted the crypto exchange and its users. She noted that the bear market has made it difficult for crypto exchanges to attract new customers and keep existing ones. Gracy also discussed how crypto exchanges are trying to facilitate users with tools that allow them to make quick decisions on their investments. She believes that these tools can help mitigate some of the risks associated with investing in crypto during bear markets.
The podcast concluded with Gracy providing advice for users looking to invest in cryptocurrencies during the bear market. She encouraged users to be proactive, thoroughly research their investments, use investment calculators to understand risks, and diversify their portfolios. She also encouraged users to commit to the long-term when investing in crypto and highlighted the importance of having an exit plan.
Gracy’s insights into her experiences at a crypto exchange amid the bear market were very insightful and provided a deep insight into the current state of the crypto ecosystem. This podcast is a valuable guide for investors of all levels looking to make informed decisions during these tough times.
