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But we saved everything 🙂.
matthew sigel suggests that Bitcoin appears undervalued relative to other assets. He points out that if Bitcoin returns to the 35x XBT/XAU ratio implied by current Buffett Indicator levels, its price could rise to $160k, bringing it in line with gains already seen in equities.
Sigel has tracked other recent market developments in his reports. He noted that CRWV priced a $3.1 billion loan at a lower spread, citing improved credit conditions for neo-cloud firms. In a separate update, Sigel highlighted a key shareholder proposal by Strategy MSTR during proxy season. These observations come alongside his latest view on Bitcoin’s relative value.