Bitcoin remains a ‘safe harbor’ as DeepSeek concerns linger, says deVere CEO

The startup of Chinese AI Deepseek has raised concerns because its rise in power overnight has highlighted the potential risks for American artificial intelligence and economic domination.

American stock markets and cryptocurrencies fell strongly on Monday, with Bitcoin (BTC) falling below the $ 100,000 mark and the stock market losing $ 1 billion of value.

However, Nigel Green, CEO of Devere Group, one of the largest independent financial consulting companies in the world, urged investors to remain calm. He argued in a note that Bitcoin is not linked to the performance of a single company or nation.

Bitcoin resilience

Although the sale in American technology actions, like NVIDIA, can be justified, Bitcoin operates independently of these factors.

“Bitcoin is not liable for the performance of a business or a nation,” said Green. “It is rather designed to be isolated from these forces.”

Green has also described Bitcoin as an asset designed specifically for periods of economic and geopolitical uncertainty.

“It operates outside national borders and policies, making it a security port at the turbulent time,” he said.

He underlined the decentralized nature, without borders and finite of Bitcoin, which positions it as an asset intended to stand out and to call on global investors because it is “linked to any government or business”.