Bitcoin’s $80K Dip: deVere CEO Reveals Why It’s Not Over

Bitcoin Falls Below $80K, But CEO Sees Bullish Future

Bitcoin’s price dipped below $80,000 on March 10, reaching $77,490.The crypto market faced a significant downturn. However,Nigel Green,CEO of deVere Group,remains optimistic about Bitcoin’s future.

Green believes the recent price drop is temporary. He points out that the decline happened shortly after President Trump’s executive order on a strategic Bitcoin reserve. While the market may react negatively now, Green thinks this is short-sighted.

He argues that the executive order could make Bitcoin a geopolitically significant asset. “Investors should focus on the broader implications of this move,” Green said. “It signals that Bitcoin is moving beyond being just a speculative asset.”

other experts agree. They believe the U.S. strategic reserve sets a precedent for global adoption. The reserve could lead to other countries creating thier own Bitcoin reserves.

Green predicts that sovereign wealth funds and central banks will take notice. “This could spark a global race to diversify into digital assets,” he added.

Despite the short-term price action, Green sees the reserve as a validation of Bitcoin’s role in the financial system. “Clear and favorable regulations are likely to follow,” he concluded.

At the time of writing, Bitcoin was near $78,426, down nearly 6% in 24 hours. The decline aligns with a sell-off on Wall Street, with the S&P 500 and Dow Jones recording sharp declines.

This suggests that risk assets, including cryptocurrencies, may face more short-term selling pressure.