CoinInsight360.com logo CoinInsight360.com logo
A company that is changing the way the world mines bitcoin

WallStreet Forex Robot 3.0
crypto.news 2025-01-28 20:28:21

Bitcoin remains a ‘safe harbor’ as DeepSeek concerns linger, says deVere CEO

Chinese AI startup DeepSeek raised concerns as its overnight rise to prominence highlighted potential risks to American artificial intelligence and economic dominance. U.S. equity markets and cryptocurrencies traded sharply lower on Monday, with Bitcoin ( BTC ) falling below the $100,000 mark and the equity market losing $1 trillion in value. However, Nigel Green, CEO of deVere Group, one of the world’s largest independent financial advisory firms, urged investors to remain calm. He argued in a note that Bitcoin is not tied to the performance of any single company or nation. Bitcoin’s resilience While the selloff in American tech stocks, such as Nvidia, might be justified, Bitcoin operates independently of such factors. “Bitcoin isn’t beholden to the performance of any one company or nation,” Green said. “Rather, it’s designed to be insulated from these forces.” Green further described Bitcoin as an asset designed specifically for periods of economic and geopolitical uncertainty. “It operates outside of national borders and policies, making it a safe harbor in turbulent times,” he said. He highlighted Bitcoin’s decentralized, borderless, and finite nature, which position it as an asset meant to stand out and appeal to global investors as it is not “tied to any single government or corporation.”

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.