Azuria Capital founder and CEO Tavi Costa says Bitcoin is “severely undervalued,” even as many former supporters have given up on it. He expects both Bitcoin and silver to see “violent fluctuations” as the Federal Reserve’s rate-hiking cycle approaches its end. That is Costa’s forecast, not an established outcome.
Costa argues that a weaker dollar and suppressed yields will dominate the next decade. He favors silver and mining stocks as hard-asset trades and describes mining stocks as a potential macro-arbitrage opportunity. He also points to an approximately 30% gold drawdown during a long-term bull market, saying silver and Bitcoin are now in a “very similar” position. In his view, an AI revolution needs metals, while high-grade silver mines cannot simply be created.
The reported remarks offer a valuation narrative but no supporting valuation measure or timetable for the predicted volatility. Original report: ChainCatcher, published November 12, 2026, at 04:21 (UTC+8).