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

Chinese AI startup DeepSeek raised concerns as its overnight rise to prominence highlighted potential risks to American artificial intelligence and economic dominance.

U.S. equity markets and cryptocurrencies traded sharply lower on Monday, with Bitcoin (BTC) falling below the $100,000 mark and the equity market losing $1 trillion in value.

However, Nigel Green, CEO of deVere Group, one of the world’s largest independent financial advisory firms, urged investors to remain calm. He argued in a note that Bitcoin is not tied to the performance of any single company or nation.

Bitcoin’s resilience

While the selloff in American tech stocks, such as Nvidia, might be justified, Bitcoin operates independently of such factors.

“Bitcoin isn’t beholden to the performance of any one company or nation,” Green said. “Rather, it’s designed to be insulated from these forces.”

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

“It operates outside of national borders and policies, making it a safe harbor in turbulent times,” he said.

He highlighted Bitcoin’s decentralized, borderless, and finite nature, which position it as an asset meant to stand out and appeal to global investors as it is not “tied to any single government or corporation.”