newsBitcoin Holds Steady Despite Market Jitters, Says Bitdeer Executive

Bitcoin Holds Steady Despite Market Jitters, Says Bitdeer Executive

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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Andrew
Andrew
Self-taught investor with over 5 years of financial trading experience Author of numerous articles for hedge funds with over $5 billion in cumulative AUM and Worked with several global financial institutions. After finding success using his financial acumen to build an investment portfolio, Andrew began writing and editing articles about the cryptocurrency space for sites such as chaincryptocoins.com, ensuring readers were kept up to date on hot topics such as Bitcoin and The latest news on digital currencies and Ethereum.

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