Precious metals have already completed their price adjustment, but what about Bitcoin? Still unchanged.

This situation is not uncommon — when hard assets enter a revaluation cycle and BTC lags significantly, it’s usually not that Bitcoin has a problem, but that it simply hasn’t caught up yet. Think about it, precious metals are rising, while Bitcoin is falling behind. What does this indicate? It shows that valuation disparities are right in front of us.

The market always seeks balance. Once hard assets lead the rally, investors’ attention and capital flows tend to spread into related areas. As the most hard-asset-like cryptocurrency, Bitcoin logically should not continue to fall behind. At this price level, from the perspective of hard asset revaluation, Bitcoin’s valuation space is seriously undervalued.