Tether: Bitcoin Is Undervalued
Tether advisor Gabor Gurbacs believes that Bitcoin remains significantly undervalued in the $64,000–65,000 range, even though the price resembles the peak levels seen during the previous market cycle. According to Gurbacs, today's market is fundamentally different from 2021. Instead of excessive leverage and speculative trading, Bitcoin is now supported by spot ETFs, institutional investment channels, and a clearer regulatory environment. He also pointed to continued inflows into spot Bitcoin ETFs, showing that large investors are accumulating BTC during the current consolidation phase. Analysts suggest that once the remaining leveraged positions are cleared, Bitcoin could enter a new phase of price discovery supported by stronger market fundamentals.
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