In a recent interview, Bitget Chief Operating Officer Vugar Usi Zade expressed a strong belief in the future of cryptocurrency as a fundamentally decentralized market. He forecasted that Bitcoin’s value could soar to $200,000 by 2025, highlighting a significant shift in the industry’s landscape.
During his discussion with BitPinas after participating in the TEDx Forbes Park event in Bonifacio Global City, Usi Zade detailed Bitget’s strategies to capitalize on this anticipated transformation. Central to their approach is the development of a new initiative, the Bitget Web3 Wallet, aimed at enhancing user accessibility in the decentralized finance (DeFi) ecosystem.
In contrast to many firms that reduced their operations during the recent downturn in the crypto market, Bitget invested $30 million into the development of its decentralized wallet. This decision appears to be paying off, as the Bitget Wallet has rapidly become the most downloaded crypto wallet worldwide, outpacing established competitors like MetaMask and Trust Wallet. Currently, it boasts 80 million users and handles an impressive $12 billion in daily swap volume.
Usi Zade articulated the company’s vision to bridge the worlds of centralized and decentralized finance. He stated that the Bitget Wallet allows users to conduct transactions across various blockchains without needing to hold the native tokens of those networks. Users can also pay gas fees in stablecoins, simplifying the user experience in transitioning to web3 technologies.
Usi Zade’s confidence in Bitcoin’s future isn’t a new stance. Back in June 2024, he predicted Bitcoin’s price could reach between $90,000 and $100,000 within six months, driven by increasing participation from pension funds and institutional investors. At that time, Bitcoin was trading under its March 2024 peak of $73,700. As of now, he is more optimistic, anticipating the cryptocurrency could hit $200,000 by December 2025 or early 2026.
He highlighted that despite current market weaknesses, the demand from institutional players—from pension funds to exchange-traded funds (ETFs)—is only growing. “If you haven’t invested in Bitcoin, this is the cheapest point you can enter,” he remarked, indicating a belief that timing is favorable for potential investors.
For Usi Zade, the synergy between a decentralized financial environment and Bitcoin’s price appreciation is unmistakable. As institutional interest in Bitcoin rises and technological advancements make blockchain more approachable for everyday users, the demand for Bitcoin is expected to strengthen.
He emphasized, “We are preparing for a decentralized future. This is not only about serving centralized exchange users but about becoming a true web3 company.” By aligning itself with the principles of decentralization, Bitget aims to position itself as a leader in the web3 space, reinforcing its commitment to facilitating broader adoption of cryptocurrency and blockchain technology.
As the landscape of cryptocurrency continues to evolve, Usi Zade’s insights may serve as a crucial barometer for both industry stakeholders and potential investors watching Bitcoin’s trajectory and the broader implications of decentralized finance.
