Bitcoin Is Undervalued

Pal said Bitcoin is trading below its long-term trend and remains undervalued compared with technology stocks. However, he does not expect an immediate rally because global liquidity conditions remain weak.

He identified long-term interest rates, oil prices and the US dollar as key factors affecting financial markets. A weaker dollar and improving liquidity would provide a stronger signal for crypto prices.

“Crypto is far too cheap where it should be anyway,” Pal said, adding that investors should consider the long-term trend rather than focus only on short-term price movements.

Pal also advised investors who cannot tolerate sharp market declines to reduce their exposure and keep funds available for…