BITCOIN prices fell as much as 6.5 percent on Monday after US President Donald Trump signed an executive order establishing a strategic Bitcoin reserve. The cryptocurrency later rebounded to around $82,648 on Thursday.

Despite the initial drop, financial experts see the move as a milestone. 'The market's reaction betrays a short-sightedness that will likely be corrected,' said Nigel Green, chief executive of financial advisory firm deVere Group. 'This executive order signals Bitcoin's growing role as a geopolitically significant asset.'