Despite fluctuations in crypto money markets, Alexis Circi, the founding partner of GSR, says Bitcoin’s real value has not changed. According to the expert, investors can currently have a very advantageous price for Bitcoin. Due to its current market conditions, Bitcoin is traded 20 %below its real value.
Why does the Bitcoin price fall?
Behind the last decline in the price of Bitcoin, US President Donald Trump’s surprise crypto attitude and also has aggressive customs duties. When he announced that it would apply 200 %tax to alcoholic beverages with European origin on March 13, the S&P 500 index suffered 10 %of the February summit, while Bitcoin fell 20 %from its record level on January 20th.
Trump’s plan to create a “national crypto reserve” also leads to uncertainty. Although Bitcoin, as well as Ethereum, Solana, Cardano and XRP on March 2, was mentioned, but no clear date was given on when this gigantic recruitment operation would take place. Kriptokoin.comWe have included details in this article.
In the uncertainty environment, the VIX index, which measures market volatility, increases by more than 50 %this month, while investors turn to safe port assets such as gold. In March, gold reached a historical level and started to be traded for $ 3,000. Although gold is still seen as a safer asset than Bitcoin for corporate investors, long -term optimism continues in crypto markets.
“We are in the bull market”
In the current statements, Bitcoin’s value is still the same. Still 100,000 dollars, now there is only 20 %discount due to risk and uncertainty, ”he said.
It’s not just Circi, who is optimistic about Bitcoin’s future. Maelstrom’s CIO Arthur Hayes also predicted that the current regression was a temporary liquidity jam, and when the market recovered, Bitcoin could reach $ 250,000 by the end of the year.
Sirkia says that these fluctuations do not affect the long -term value of Bitcoin: Bit Bitcoin will actually be in a bull market. ”
Although the 20 %decrease in Bitcoin’s price has a risk for some investors, long -term supporters see this as a great opportunity. GSR’s founding partner Sirkia and other market experts believe that Bitcoin will rise again. When the uncertainties disappear, Bitcoin is expected to become stronger.
