Bitcoin is undervalued below $100,000... Bitwise "A explosive rebound is coming"

Source: DigitalToday Original Title: Bitcoin, undervalued below $100,000… Bitwise “Explosive resurgence is coming” Original Link:

Despite the accumulation of upward factors due to global liquidity expansion, Bitcoin remains below $100,000, deepening its undervaluation period. In this context, asset management firm Bitwise is raising market expectations with a bullish outlook.

According to reports from blockchain media, it cited a Bitwise report suggesting that Bitcoin is likely to show strength in the long term.

According to the report, Bitcoin is currently undervalued by 66% compared to the global money supply, with a fair value of about $270,000. This indicates a potential upside of approximately 194% in the long term. On the other hand, gold is trading at a value exceeding 75% compared to the money supply, absorbing liquidity in 2025, which increases the likelihood of funds moving into Bitcoin.

A global macro director analyzed that “Bitcoin lags behind gold in momentum and Sharpe ratio, but has the potential for mean reversion in the long term.” The Sharpe ratio is a measure of return relative to volatility, and currently, gold is providing more stable returns than Bitcoin.

From a long-term perspective, Bitcoin still has significant growth potential, but there are also evaluations suggesting that it is entering a gradual maturity phase rather than experiencing dramatic rises like in the past. The analyst added, “Bitcoin is growing like the younger sibling of gold, structurally strong but with decreasing volatility.”