BITCOIN prices fell as much as 6.5 percent on Monday after US President Donald Trump signed an executive order establishing a strategic Bitcoin reserve. The cryptocurrency later rebounded to around $82,648 on Thursday.
Despite the initial drop, financial experts see the move as a milestone. “The market’s reaction betrays a short-sightedness that will likely be corrected,” said Nigel Green, chief executive of financial advisory firm deVere Group. “This executive order signals Bitcoin’s growing role as a geopolitically significant asset.”
Green emphasized that integrating Bitcoin into US state reserves legitimizes its place in global finance. “While the government isn’t buying more Bitcoin now, this sets the stage for broader adoption,” he said. “Other nations, especially those seeking alternatives to the U. dollar, may follow suit.”
He pointed out that past market dips followed major crypto developments, such as Tesla’s Bitcoin purchase and the approval of US Bitcoin ETFs. “Short-term volatility is normal, but the long-term trend is what matters,” Green added.
The move could also accelerate regulatory clarity. “A government holding Bitcoin in reserve has a vested interest in protecting it,” he noted. “Instead of fearing the news, investors should see it as confirmation that Bitcoin is here to stay.”
