🟠Andrei Dragoș, a researcher at Bitwise Europe, believes that Bitcoin has once again reached a point of deep undervaluation — comparable to levels observed at the onset of the COVID-19 pandemic. He argues that the market is pricing in excessively bleak expectations for global growth even though macro conditions are no longer as severe. The swift rebound from the recent dip to $80,000 reinforces the view that much of the negative sentiment has already been exhausted.
🟠Dragoș expects that the lingering effects of past stimulus measures could support the global economy through 2026, creating conditions for a reversal. Other analysts share this outlook, anticipating Bitcoin’s return above $100,000. The current drawdown of more than 27% from the October peak may represent not weakness but the foundation for a new upward impulse.