Are altcoins dying, is the traditional crypto cycle breaking down, and could the next phase of crypto look completely different from the last?

Gracy Chen, CEO of Bitget, one of the world’s leading crypto exchanges, breaks down where she believes the market is heading, why institutional capital is changing the game, and which parts of crypto could actually matter in the years ahead.

In this episode, she explains:

■ Why Altcoins Are Struggling: Why institutional capital is flowing primarily toward Bitcoin, why issuing new tokens has become too easy, and the uncomfortable question: who actually buys the altcoins?

■ The End of the Old Crypto Cycle: Why the familiar Bitcoin → Ethereum → altcoins → meme coins rotation may no longer work the way investors expect.

■ Bitcoin’s Next Chapter: Why Gracy remains bullish on Bitcoin long term, while questioning whether the current market is really the beginning of a new bull cycle.

■ The $120 Trillion Tokenization Opportunity: Why only a tiny fraction of global equities are tokenized today, and why real-world assets could become one of crypto’s biggest areas of growth.

■ Stablecoins Built for AI: Why AI agents may naturally use stablecoins for payments — and why Gracy believes stablecoins could ultimately be better suited to machines than humans.

■ Why Crypto Doesn’t Need 30 Blockchains: Why public chains increasingly need real product-market fit as GameFi, SocialFi and other previous narratives lose relevance.

■ The Future of Bitget: How Bitget is evolving from a crypto exchange toward a Universal Exchange where users could trade crypto, equities, commodities and other global assets from one platform.

■ What Investors Should Question: Why holding an altcoin simply because it used to be worth more can be dangerous — and why historical market patterns should not be treated as guarantees.

The AllinCrypto Podcast

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