Bitcoin at Risk? Expert Explores Deepseek’s Potential Impact
Bitcoin recently dipped below $100,000, sparking concerns, but Devere Group CEO Nigel Green urges a strategic outlook.
He attributes the volatility to disruptions from Chinese AI firm Deepseek, which launched its cutting-edge Deepseek-R1 model, intensifying market uncertainty. Despite short-term fluctuations, Green remains bullish, citing institutional interest and Bitcoin’s strong fundamentals.
He highlights Bitcoin’s long-term upward trajectory, resilience against geopolitical tensions, and appeal as a decentralized asset. Green sees the dip as an opportunity for savvy investors, reinforcing Bitcoin’s role as a hedge against inflation and a key part of the modern financial ecosystem.
Clever Robot News Desk 30th January 2025
