GSR Joint Creation: Bitcoin value remains unchanged, short-term volatility due to risk and uncertainty, bull market still ongoing

According to DL News, the co-founder of market maker GSR and founder of cryptocurrency clearing house Yellow said, "The value of Bitcoin remains unchanged, it is still $100000, and now it is only discounted by 20% due to risk and uncertainty. Bitcoin's return to a stable region is just a matter of time. If we eliminate all uncertainty, Bitcoin will appreciate. We are in a bull market Despite US President Donald Trump's sudden shift in support for the cryptocurrency industry, his government's aggressive tariff policies have led investors to flee, and Bitcoin has fallen more than 20% from its historical high set on January 20th, the day of Trump's inauguration. Meanwhile, as the VIX (an index that measures market volatility expectations) surged over 50% this month, investors are flocking to gold. Gold set a new record of $3000 per ounce in March. Sirkia said about the investment properties of Bitcoin, "In the eyes of institutions, Bitcoin is not a long-term asset like gold