#bitcoin #BTC
š„ Bitcoin is more undervalued than at any time in years ā Bitwise
While $BTC is trading below $100k, global liquidity is exploding:
āļø US prints $1.9 trillion Treasury + $2000 stimulus checks
āļø Japan ā $110 billion stimulus
āļø China ā $1.4 trillion fiscal package
āļø Canada brings back QE
āļø 320+ rate cuts worldwide in 2 years
āļø Global M2 ā new record $137 trillion
What about assets?
š„ Gold is already +75% above its āfairā level relative to M2
š§ Bitcoin ā minus 66% from Bitwise model
- Model āfairā $BTC price = ~$270,000 (+194% potential)
Bitwise: āThis is one of the biggest macro disconnects in Bitcoin history. Rotation from gold to BTC could be very powerful.ā
Fidelity CEO Jurrien Timmer: āBitcoin now looks like goldās little brother, lagging a bit but fundamentally remaining on its power-law trajectory.ā
2026 could be the year Bitcoin catches up and overtakes all this printed liquidity.
