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."

ChainCatcher news, according to The Block, despite Mt.Gox taking action to repay creditors, a widespread sell-off in the crypto market led to a daily liquidation amount exceeding $665 million, but some market makers and investors remain optimistic about Bitcoin's mid-term prospects.GSR co-CEO and co-founder Rich Rosenblum stated that the amount to be paid by Mt.Gox is expected to become a "burden on the market in the third quarter," "which is almost as much as the number of Bitcoins mined in the first year after the halving. However, once it is digested, there is still plenty of time for the Bitcoin price to reach a new all-time high before the end of the year."

ChainCatcher news, in response to The Block's report citing informed sources that GSR is downsizing its team, GSR co-founder Rich Rosenblum stated that GSR's business is very strong and has successfully weathered three bear markets without raising external funds. The company's balance sheet is robust. Regardless of market conditions, GSR continues to be profitable and steadily increases its market share.Rich Rosenblum indicated that The Block's report attempts to imply that the number of personnel leaving within 18 months is greater than the normal turnover during bear markets. GSR has experienced many personnel changes over the past decade, but equating this with strategic changes during bear markets to write a sensational article is irresponsible.ChainCatcher previously reported that, according to sources cited by The Block, Chief Financial Officer Jonathan Hugh and several executives have left, including GSR's Global Head of Products Benoit Bosc and Director of Trading Operations Aman Bhalla. The company has been downsizing during the bear market, and trading volume on local exchanges has decreased.