Bitcoin remains resilient despite recent market fluctuations, according to Jeff LaBerge, Head of Capital Markets and Strategic Initiatives at Bitdeer. Speaking on Roundtable with Rob Nelson, LaBerge downplayed concerns over a so-called “crash,” noting that Bitcoin is still trading just below $100,000.
“I think the term ‘crash’ is a bit overblown,” LaBerge said, pointing out that while Bitcoin experienced a 10-12% decline, it remains in a strong range between the low-to-mid $90,000s and $110,000—significantly higher than previous months.
The recent dip followed last week’s “peak seek” announcement, which caught the market off guard. LaBerge highlighted the broader economic landscape, citing policy changes, a new administration, and shifting tariff policies as key factors influencing investor sentiment.
Bitcoin, often seen as a risk proxy for the wider financial market, tends to react swiftly to macroeconomic shifts. “It trades 24/7, so it can be viewed as both a flight-to-quality asset and a risk-on or risk-off instrument,” LaBerge explained.
Despite short-term volatility, LaBerge remains optimistic about Bitcoin’s trajectory. “We’ve already seen a major repricing this year,” he said, referencing Bitcoin’s rapid climb from the $60,000-$70,000 range to $90,000-$110,000 in just a month.
While some investors may be wary of recent fluctuations, LaBerge believes Bitcoin’s long-term potential remains strong. “We’ve got a long way to go—that’s my personal belief,” he said. “Bitcoin has a lot of utility that’s not yet been fully recognized.”
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