Crypto Long & Short: Bitcoin vs. gold: 26% relative undervaluation

This installment of the “Crypto Long & Short Newsletter” addresses key macroeconomic narratives surrounding Bitcoin. Dovile Silenskyte presents an argument against the prevailing view of Bitcoin primarily as a risk asset, offering an alternative perspective on its market behavior and value proposition. Complementing this, Joshua de Vos provides an analysis of global exchanges, which likely underpins broader market dynamics and Bitcoin’s performance. The central theme, as highlighted by the title, delves into a comparative analysis of Bitcoin against gold, positing a significant relative undervaluation of Bitcoin by 26% and suggesting a deeper dive into its true economic positioning beyond conventional risk asset classifications.