GSR United Creation: It's only a matter of time before Bitcoin returns to a stable zone, the bull market is still on

The co-founder of market maker GSR and founder of cryptocurrency clearinghouse Yellow said, "The value of Bitcoin remains unchanged, it is still $100,000, but now it's just discounted by 20% due to risk and uncertainty. It's only a matter of time before Bitcoin returns to a stable area. If we eliminate all uncertainties, Bitcoin will appreciate. We are in a bull market." Despite US President Donald Trump suddenly turning to support the crypto industry, his government's aggressive tariff policy has caused investors to flee, with Bitcoin falling more than 20% from its historical high on January 20th when Trump took office. Meanwhile, as the VIX (an index measuring expected market volatility) soared over 50% this month, investors are flocking to gold. Gold set a new record in March at $3,000 per ounce. Sirkia stated when talking about the investment properties of Bitcoin: "In institutional eyes, Bitcoin is not like gold which is considered as long-term asset."