PANews reported on March 2nd, citing Cointelegraph, that Samson Mow, CEO of Bitcoin technology company Jan3, stated that Bitcoin is currently undervalued relativePANews reported on March 2nd, citing Cointelegraph, that Samson Mow, CEO of Bitcoin technology company Jan3, stated that Bitcoin is currently undervalued relative

Analysts: Bitcoin is undervalued relative to gold, potentially signaling a rebound.

2026/03/02 11:28
1 min read

PANews reported on March 2nd, citing Cointelegraph, that Samson Mow, CEO of Bitcoin technology company Jan3, stated that Bitcoin is currently undervalued relative to gold and the global money supply, which could signal a price reversal. Mow wrote on the X platform that Bitcoin's market capitalization relative to gold or the global money supply is 24% to 66% below its trend line, while gold is overvalued.

Mow also cited the Bitcoin Z-score, which tracks how much the price of BTC deviates from its historical average. Bitcoin's Z-score relative to the Fibonacci retracement level is currently around -1.24. When this Z-score falls below -2, Bitcoin has previously experienced "significant" price surges. TradingView data shows that during the FTX crash in November 2022, this indicator fell below -3, and the price of BTC subsequently rose by over 150% in the following 12 months. A similar pattern occurred during the COVID-19 pandemic in March 2020, when Bitcoin surged by over 300% in the following 12 months after the indicator fell below -2.

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