Tavi Costa: Bitcoin is Severely Undervalued, Expecting Volatility as Fed's Rate Hike Cycle Ends

Tavi Costa, founder and CEO of Azuria Capital, stated that Bitcoin is currently severely undervalued, with many supporters choosing to give up. He anticipates significant volatility in Bitcoin and silver as the Federal Reserve's rate hike cycle comes to an end. Costa believes that the next decade will be dominated by two macro forces: a weakening dollar and suppressed yields. In this context, silver and mining stocks have become his favored hard asset trading targets, with mining stocks seen as macro arbitrage opportunities. He mentioned that gold has experienced about a 30% pullback during long-term bull markets, and the current situation of silver and Bitcoin is very similar. At the same time, he believes that there can be no AI revolution without metals, and high-grade silver mines cannot be created out of thin air.