Bitcoin: Historically Undervalued Trading below its long-term adoption curve Below power-law trends Below where liquidity cycles have priced it at this stage The network keeps growing. Hash rate keeps hitting new highs. Long-term holders aren’t selling. Price is lagging reality.
Gold: Overpriced by Fear Gold is priced like the world is ending. It’s absorbing: Sovereign debt panic Geopolitical fear Currency debasement Policy distrust That’s not value. That’s crowded protection.
What People Miss Gold moves when fear peaks. Bitcoin moves when liquidity returns.
Right now: Fear is fully priced in gold Liquidity is not priced in Bitcoin
In other words: Gold = yesterday’s anxiety Bitcoin = today’s disbelief ⚡ Disbelief is where the biggest mispricings live. When everyone agrees gold is “safe,” the trade is already late. When everyone says Bitcoin is “too risky,” the repricing hasn’t started.