Tavi Costa Says Bitcoin Is Very Undervalued, Expects Violent Moves Ahead

Bitcoin very undervalued — Fund manager Tavi Costa has argued Bitcoin is “very undervalued” and positioned for significant price movement as macroeconomic conditions shift.

In an interview with Bitcoin Magazine, the founder and CEO of Azuria Capital stated that many former supporters have given up on Bitcoin, contributing to its current undervalued state. He linked Bitcoin’s potential to the broader macro environment, specifically the end of the Federal Reserve’s interest rate hiking cycle.

Costa expects “violent moves” for both Bitcoin and silver as this cycle concludes. He identified two primary forces he believes will define the next decade: a weaker U.S. dollar and suppressed bond yields, which historically benefit hard assets.

While he noted silver and mining stocks are currently his favorite hard-asset trade, he placed Bitcoin in a “very similar” position. His analysis suggests that as the Fed’s tightening policy ends, non-sovereign stores of value like Bitcoin could see dramatic re-pricing.