Analyst says BTC is historically undervalued as rotation from gold starts

Cryptocurrency analyst Michaël van de Poppe noted on X that an asset rotation between Bitcoin (BTC) and gold has already begun. He explained that historically, BTC has repeatedly posted excess returns after a time lag following a peak in gold's value. Van de Poppe pointed to recent signs of this fund shift, observing that BTC has risen amid geopolitical risks related to Iran while gold has moved sideways. He added that the gold-to-Bitcoin value ratio has now fallen below two sigma, indicating that Bitcoin has entered a historically undervalued zone. According to the analyst, similar periods in 2015, 2018, 2020, and 2022 were followed by strong upward trends for BTC.