GSR Co-founder: Bitcoin's value remains unchanged, short-term fluctuations are due to risks and uncertainties, the bull market is still on
ChainCatcher news, according to DL News, the co-founder of market maker GSR and founder of cryptocurrency exchange Yellow stated: "The value of Bitcoin remains unchanged; it is still $100,000, and it is currently just discounted by 20% due to risk and uncertainty. It is only a matter of time before Bitcoin returns to a stable zone. If we eliminate all uncertainties, Bitcoin will appreciate. We are in a bull market."
Despite U.S. President Donald Trump's sudden shift to support the crypto industry, his administration's aggressive tariff policies have led to investors fleeing, with Bitcoin dropping more than 20% from the historical high set on January 20, the day Trump was inaugurated.
Meanwhile, as the VIX (an index measuring market volatility expectations) soared over 50% this month, investors are flocking to gold. Gold set a new record of $3,000 per ounce in March. When discussing Bitcoin's investment attributes, Sirkia stated: "In the eyes of institutions, Bitcoin is not a long-term asset like gold."
