Bitcoin Still Looks Undervalued Relative to Gold

WisdomTree's June Crypto Monthly argues that while digital assets experienced another difficult month, Bitcoin continues to compare favourably with gold and remains supported by improving long-term fundamentals.

• WisdomTree estimates that Bitcoin is approximately 9% undervalued relative to gold using its proprietary Bitcoin-in-Gold (BiG) model, with further upside under more supportive macro scenarios.
• Despite broad price declines across digital assets, Bitcoin continued to outperform most major altcoins while maintaining relatively low realised volatility compared with the rest of the crypto market.
• The report also highlights Bitcoin's diversification benefits within traditional portfolios, arguing that modest allocations have historically improved long-term risk-adjusted returns while maintaining relatively low correlation with conventional asset classes.

Read the full report for WisdomTree's latest views on crypto markets, Bitcoin, digital asset flows and portfolio allocation.