coin-img-XAUTXAUT+0.52%coin-img-PAXGPAXG+0.79%coin-img-ETHETH-0.84%coin-img-BTCBTC-1.25%coin-img-SOLSOL-1.28%coin-img-XRPXRP-1.10%coin-img-USDCUSDC+0.00%coin-img-DOGEDOGE-1.30%coin-img-XAUTXAUT+0.52%coin-img-PAXGPAXG+0.79%coin-img-ETHETH-0.84%coin-img-BTCBTC-1.25%coin-img-SOLSOL-1.28%coin-img-XRPXRP-1.10%coin-img-USDCUSDC+0.00%coin-img-DOGEDOGE-1.30%coin-img-XAUTXAUT+0.52%coin-img-PAXGPAXG+0.79%coin-img-ETHETH-0.84%coin-img-BTCBTC-1.25%coin-img-SOLSOL-1.28%coin-img-XRPXRP-1.10%coin-img-USDCUSDC+0.00%coin-img-DOGEDOGE-1.30%coin-img-XAUTXAUT+0.52%coin-img-PAXGPAXG+0.79%coin-img-ETHETH-0.84%coin-img-BTCBTC-1.25%coin-img-SOLSOL-1.28%coin-img-XRPXRP-1.10%coin-img-USDCUSDC+0.00%coin-img-DOGEDOGE-1.30%
user-avatar
Cointelegraph by Vince Quill

Samson Mow says Bitcoin trades 24%–66% below trend versus gold as Z-score hints at possible rally

Samson Mow, CEO of Bitcoin-focused firm Jan3, argues that Bitcoin is significantly undervalued compared with gold and the global money supply, pointing to a 24%–66% discount to trend and an overextended gold price above $5,247 per ounce. He highlights the Bitcoin-to-gold Z-score, now around -1.24, noting that past drops below -2 or -3 in 2020 and 2022 preceded rallies of more than 150% and 300%. Other market analysts, however, warn that current price action resembles the 2022 bear market and suggest Bitcoin could retreat toward $50,000 despite its recent recovery to around $66,400.
Selected
BTC
BTC-1.36%
Disclaimer: The content above is only the author's opinion and does not represent BingX’s stance. It shall not be construed as investment advice from BingX. For details, refer to the Terms and Conditions.