Bitcoin plunged below $80K on Monday, hitting lows of $77,490 as the crypto market faced another significant downturn. While some fear further declines, deVere Group CEO Nigel Green remains optimistic, arguing that the bull market is far from over.

The Market’s Overreaction to Trump’s Bitcoin Strategy

Investors are reacting to short-term fears rather than long-term implications.

Green suggests that Bitcoin’s sharp drop follows President Donald Trump’s executive order on a U.S. strategic Bitcoin reserve. Despite immediate market volatility, this move could be a game-changer, positioning Bitcoin as a geopolitically significant asset.

Bitcoin’s Evolution: Beyond Speculation

The creation of a strategic reserve signals Bitcoin’s growing global importance.

The U.S. decision to stockpile Bitcoin could set a precedent for other nations, pushing BTC beyond a mere speculative asset. Analysts argue that central banks, sovereign wealth funds, and institutional investors may soon follow suit, amplifying Bitcoin’s long-term value.

Investor Sentiment: Misinterpreting the Big Picture

Short-term selling pressure reflects market impatience, not Bitcoin’s true potential.

Following Trump’s executive order, many investors expected an immediate large-scale Bitcoin purchase by the U.S. government. The lack of instant action led to disappointment and selling pressure, affecting not only BTC but also major altcoins like XRP, SOL, and ADA.

What Comes Next for Bitcoin?

Stronger regulations and global competition could drive long-term adoption.

Green believes that once market turbulence settles, the U.S. reserve announcement will be seen as a turning point for Bitcoin’s legitimacy. With clearer regulations likely on the horizon, Bitcoin could strengthen its role in global finance.

The Bigger Picture: Bitcoin and Traditional Markets

Economic uncertainty is fueling broader risk-asset sell-offs.

Bitcoin’s slump coincides with sharp declines on Wall Street, where stocks tumbled amid fresh concerns over tariffs and economic stability. With risk assets under pressure, short-term volatility remains, but Bitcoin’s long-term trajectory appears promising.