Gabor Gurbacs Calls Bitcoin Undervalued at $65,000

Gabor Gurbacs, an advisor to Tether, says Bitcoin is currently undervalued at the $65,000 level. He argues that the market is in a much better position now than it was during the peak in 2021.

Back in 2021, the market relied heavily on borrowed money and high leverage to push prices upward. Gurbacs notes that the current cycle is built on a more solid foundation. The shift away from excessive risk makes the current price action more sustainable for long term growth.

Investors are watching to see if this structural health can push Bitcoin to new highs. As the market matures, the focus remains on whether steady demand will continue to outweigh short term selling pressure.