Bitcoin drop below $ 80,000 seen as a short-term return, says General Manager of Devere

Bitcoin was on Monday, 10. Marta, fell lower than $ 77,490, because the Cripto market suffered another blood.

But despite the potential for Bitcoin (Btc) To further absorb, Nigel Green, the Chief Executive Director of the Global Financial Advisory Giant Group of the Group of Devere, holds a bull view. He explained why the bull market may not be almost almost the Bitcoin in the analysis divided crypto.news.

According to Green, one factor to consider is that the price of BTC suddenly fell sharply only a few days after the Executive Order of President Donald Trump at the Strategic Reserve Bitcoin. Although the macro environment could catalyze extended fall, green is confident that Bitcoin and digital funds are still in the bicovna phase.

“The reaction on the market issues a short review that will be corrected as investors exaggerate wider implications of moves. In our opinion, (by which) investors should focus on that this executive order will make a geopolitical significant property in the future.” He noticed the Director General of Devere.

Other experts also pointed out how significant Trump’s executive rows and creating a strategic Bitcoin Reserve. The argument is that the BTC develops “beyond the speculative asset” because it gets global adoption. The American strategic reserve sets tone and tempo.

Significant observation of BTC work action in the last days is that the owners seem to be discarded Their positions followed the disappointment that the American government does not buy large quantities of Bitcoin. Which also explains sales pressure on altcains such as a rippla (XRP), Solana (Salt) and Cardano (Ada) After the executive order and the white house summit.

However, Green says the market should look outside the simple purchases of BTC and focuses on what strategic reserve has in the long run.

In his opinion, the United States opened the door to a potential global scramble, and other countries join the race to create reserves Bitcoin.

“Earth with the history of alternative assets, such as gold, can see it as a sign that is further diversified into digital assets. Means of sovereign wealth, Central Bank and institutional investors will notice everything,” said Director General of Devere.

In spite of the short-term price proceedings, largely initiated by other key events in the form of a BTC form in the form of Closla forms in the form of Bitcoin purchases, and launching the first place of BTC

With the American government, holding Bitcoin in Reserve, what will probably follow are clear and favorable regulations.

“While the dust settles, the announcement of the strategic reserve will probably be seen as a moment of validation in the role of Bitcoin in the financial system, and not the reason for concern,” he concluded.

At the time of writing, Bitcoin was hovering near $ 78,466, and the bleeding was pushed in the last week, almost 6% in the last 24 hours and -14% in the last week.

This drop was aligned with a depot on Wall Street. The SALE SALE continued with S & P 500 and DOW JONES INDUSTRIAL Average shot of sharp refusals fresh insecurity around the tariff and economics.

It is a look that proposes risky assets, including cryptocurrency, could face short-term sales pressure.