- Ripple-CTO David Schwartz, sees Bitcoin’s price drop as a DIP-market lows belong to the cycle.
- The US Bitcoin reserve heats speculations about the long-term role of Bitcoin in finance.
After Bitcoin reached $ 91,000 on March 7, he fell again to 76,800, which means a decline of more than 15% in the last 4 days and now has its price commute by 81,000. The market of the market followed and recorded a decline of 5.97%. While some investors are worried, David Schwartz, Chief Technology Officer from Ripple, sees the downturn as a classic dip – the golden purchase chance.
Looks like a buying opportunity to me.
— David "JoelKatz" Schwartz (@JoelKatz) March 10, 2025
Schwartz believes that this is only part of the usual cycle. Instead of panicking, he sees the drop in prices as the very best purchase opportunity. When asked whether Bitcoin has a real purpose that goes beyond money, he replied with a shrug that this question was interested in some people and others. Schwartz explained:
“There are two types of Bitcoinern in the world, those who are interested in the answer to this question and those who don’t. I agree 100% with both types. “
While Schwartz and other believers continue to buy, skeptics still question whether Bitcoin has a benefit in the real world. In the meantime, governments begin to discuss whether Bitcoin should play a role in national financial reserves, which adds another level of uncertainty to the market.
Die US-Bitcoinreserve
While Bitcoin is exposed to price fluctuations, the US government has decided to set up a strategic Bitcoin reserve, a step that could change the crypto landscape. The initiative, which was formalized last week, provides for confiscated BTC to use as long -term value preservatives, similar to gold reserves. According to current estimates, the USA will hold 198.000 BTC And are the largest known state owner.
In addition to Bitcoin, the authorities plan to create a stock of digital assets that should also include cryptocurrencies such as Ethereum, Solana and Ripple. The idea is to diversify the country’s digital stocks to ensure stability in a developing financial world. However, the time of the reserve’s announcement collapsed with the recent downturn of Bitcoin and fueled the uncertainty.
Some analysts believe that the drop in prices is partly due to a classic “Sell the News” reaction, in which dealers have repelled their holdings after the reserve plan has been announced. Others refer to macroeconomic fears, including recession concerns and upcoming inflation data, as the main factors for burglary.
Bitcoins long -term potential
The volatility of the Bitcoin course is nothing new, but the current forecasts differ widely. Analysts assume that Bitcoin could fall to $ 50,000 in a recession scenario, while a strong economy could keep the price between $ 70,000 and $ 75,000. The uncertainty is worried about investors, especially since Bitcoin has been swaned up and down 10 % in the past few weeks.
Despite this instability, many experts are still hopeful. Bitcoin is often regarded as protection against the loss of value of traditional money. In the past, he has repeatedly recovered after poor market conditions. The supporters believe that due to the limited offer to Bitcoin, demand will continue to increase and that prices will finally drive to new record heights.
In turn, Schwartz sees the resistance of Bitcoin as proof of its value. Its perspective underlines the persistent gap in the crypto world – one page questions the benefits of Bitcoin, while the other continues to buy.
