Azuria Capital CEO says Bitcoin, silver are undervalued ahead of Fed pivot

Tavi Costa, CEO of macro hedge fund Azuria Capital, said Bitcoin and silver are in an undervalued phase and price volatility is likely to increase as the Federal Reserve nears the end of its rate-hike cycle. On Nov. 12, Costa said Bitcoin is currently trading at an extremely undervalued level relative to its fundamentals and argued the long correction process has already driven out a substantial share of earlier supporters. Costa compared the move to gold’s roughly 30% pullbacks during past long-term bull markets, describing the current corrections in Bitcoin and silver as a similar pause within a broader uptrend. Costa also identified a weaker dollar and suppressed real bond yields as the key forces likely to define the next decade’s macro environment, adding that supply-constrained hard assets such as silver, mining stocks and Bitcoin could serve as effective diversification tools. Costa expects a broader price revaluation across Bitcoin and commodity markets as the Fed’s monetary tightening phase approaches its final stage.