Bitcoin experienced a sharp drop in price, falling below $80K, leading to a "bloodbath" in the crypto market. However, Nigel Green, CEO of deVere Group, remains bullish on Bitcoin, citing the potential geopolitical significance of the US government's executive order on a strategic Bitcoin reserve. Green believes that the market's reaction is short-sighted and that other countries may follow suit in creating their own Bitcoin reserves. He also emphasizes the importance of the US government holding Bitcoin in reserve and the potential for favorable regulations to follow. Despite the recent drop in price, Green sees the strategic reserve announcement as a validation of Bitcoin's role in the financial system.



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