Analyst: Bitcoin is undervalued compared to gold, which may indicate a potential rebound

By: rootdata|2026/03/02 12:43:30
0
Share
copy

According to Cointelegraph, Jan3 CEO Samson Mow stated that Bitcoin is currently undervalued compared to gold and the global money supply, which may indicate a price reversal.

Mow posted on the X platform that Bitcoin's market value relative to gold or the global money supply is below its trend line by 24% to 66%, while gold is in an overbought state. Mow also cited the Bitcoin Z-score metric, which tracks the deviation of BTC price from its historical average. The Z-score of the Bitcoin-to-gold ratio is currently around -1.24. When this ratio's Z-score falls below -2, Bitcoin has previously experienced "significant" price increases.

TradingView data shows that during the FTX collapse in November 2022, this metric fell below -3, and subsequently, BTC price rose over 150% within the next 12 months. A similar pattern occurred in March 2020 during the COVID-19 pandemic, where the metric fell below -2, and Bitcoin surged over 300% in the following 12 months.

-- Price

--

You may also like

Crypto Market Update: BTC Holds $76K as Fear Index Signals Opportunity — What Is Futures Trading & Spot Trading Explained

Bitcoin (BTC) is holding above $76,000, supported by strong institutional buyingThe Fear & Greed Index at 33 indicates continued market caution despite price strengthCrypto ETPs saw $1.4B in inflows, marking three consecutive weeks of capital growthEthereum (ETH) is consolidating around $2,300, with resistance near $2,360Understanding what is futures trading vs what is spot trading is key in volatile marketsTraders are increasingly combining spot accumulation with futures trading strategies

DeFi is trapped in the most dangerous prisoner's dilemma in history

This incident has returned to the classic dilemma of cryptography: pragmatic security vs completely decentralized security.

Exclusive Interview with Jeff Hoffman: How Web3 and AI are Reshaping the Trillion-Dollar Social Travel Market

The most valuable platforms will not only be aggregators of suppliers, but they will also have relational networks around payments, loyalty, and communities.

After the KelpDAO hack, AAVE's situation is worse than you think

October 10 is the CEX-driven collapse, an epic failure in DeFi risk mitigation.

Atkins Marks One-Year Anniversary at SEC: Crypto Regulation Shifts from ‘Enforcement Heavy’ to ‘Rulemaking Mode’

Before the bill is passed, the SEC's cryptocurrency regulatory framework remains in a transition state of "administrative guidance + enforcement actions."

Under Political Pressure, Is the Federal Reserve Still Independent?

Powell believes that political pressure is not a threat, and what truly determines the Fed's independence is the Fed itself.

Contents

Popular coins

Latest Crypto News

Read more