Tavi Costa Calls Bitcoin 'Very Undervalued,' Warns of 'Violent Moves' Ahead

Azuria Capital founder and CEO Tavi Costa has described Bitcoin as currently "very undervalued," pointing to the number of former proponents who have abandoned it. He anticipates that both Bitcoin and silver will go through "violent moves" as the Federal Reserve’s tightening cycle draws to a close.

Looking ahead, Costa identified two major macroeconomic forces he believes will shape the coming decade: a weakening U.S. dollar and suppressed interest rates. Against this backdrop, he said silver and mining stocks have become his preferred hard-asset trade.

Chapters:

• 00:00 Sticky Inflation and Out-of-Control Government Spending
• 01:30 Why the Dollar Will Surprise People on the Downside
• 03:35 Gold Miners Rally and Why Bitcoin Looks Undervalued
• 04:23 Why Mining Stocks Look Like a Macro Arbitrage
• 05:32 Silver and Bitcoin in Very Similar Positions
• 06:49 Gold’s 30% Drawdown in a Secular Bull Market
• 07:37 Tight Floats and a 65% Silver Miner Book
• 08:47 There’s No AI Revolution Without Metal
• 10:27 Why Lab-Made Gold Isn’t a Threat to the Metal Supply
• 12:59 You Can’t Just Create a High-Grade Silver Mine
• 13:29 Brazil After Lula’s Re-Election and the Commodities Story
• 15:32 Bitcoin and Silver Into the End of the Hiking Cycle

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