Bitget Gracy Chen Bitcoin Undervalued as Gold Rises

As global markets move deeper into an era defined by uncertainty, investors are once again rethinking how they protect and grow their wealth. Inflation concerns, geopolitical instability, shifting monetary policies, and slowing economic growth have created an environment where traditional assumptions no longer feel reliable. In this context, safe-haven assets are regaining prominence, and two names dominate the conversation: gold and Bitcoin.

Gracy Chen, CEO of the cryptocurrency exchange Bitget, has emerged as a notable voice connecting these two assets. Her perspective is both timely and provocative. According to Chen, gold’s bull run is far from over, and at the same time, Bitcoin may be undervalued relative to its long-term potential. Rather than positioning gold and Bitcoin as rivals, she frames them as complementary assets responding to the same macroeconomic pressures.

This view reflects a broader shift in how investors interpret value in a world of financial instability. Gold represents centuries of trust and resilience, while Bitcoin represents a new form of digital scarcity backed by decentralized technology. Chen’s analysis suggests that understanding how these assets coexist may be more important than choosing between them.

This article explores why gold continues to perform strongly, why Bitcoin may be undervalued, how institutional adoption is reshaping the crypto market, and what all of this could mean for investors navigating the evolving global financial landscape.

Gracy Chen’s market outlook: why gold and Bitcoin matter now

Gracy Chen’s outlook is rooted in macroeconomic realism. She argues that markets are not simply reacting to short-term data points but adjusting to a longer-term shift in global financial stability. In such an environment, assets that preserve value tend to attract sustained interest.

Gold, in Chen’s view, remains the ultimate hedge against uncertainty. It performs well not because it promises growth, but because it offers protection. Bitcoin, on the other hand, is transitioning from a speculative experiment into a recognized alternative store of value. Chen’s claim that Bitcoin may be undervalued reflects her belief that the market has not fully adjusted to this transition.

Her thesis does not rely on hype or maximalism. Instead, it focuses on changing market structure, investor behavior, and access. As gold maintains its role as a defensive asset, Bitcoin is increasingly being evaluated through a similar lens, particularly by institutional investors.

Why gold’s bull run may not be finished

Gold’s resurgence has surprised some market participants, particularly those who expected rising interest rates or easing inflation to suppress demand. However, gold does not move based on a single variable. Its strength is tied to perception, trust, and long-term risk management.

Chen believes gold is still in an expansion phase rather than approaching exhaustion. This suggests that demand is being driven by strategic allocation rather than speculative excess.

Persistent uncertainty supports gold prices

Even when inflation moderates, uncertainty often lingers. Governments continue to carry historically high debt loads, currencies face long-term debasement risks, and geopolitical tensions remain unresolved. In such an environment, gold’s role as a hedge becomes increasingly attractive.

Investors do not buy gold expecting explosive gains. They buy it because it has preserved purchasing power across generations. That psychological anchor is difficult to replace, which is why gold’s bull run can persist even when other assets fluctuate.

Technical strength and long-term accumulation

Gold’s price action also reflects steady accumulation rather than euphoric trading. Markets in strong trends often display controlled pullbacks followed by renewed buying interest. This behavior suggests that gold is being accumulated by institutions and long-term holders who are less sensitive to short-term volatility.

Chen’s assertion that gold remains in expansion mode aligns with the idea that gold is still being treated as insurance rather than a short-term trade. As long as global uncertainty remains elevated, that demand is unlikely to disappear.

Understanding the claim that Bitcoin may be undervalued

The phrase Bitcoin may be undervalued can mean different things depending on context. In Chen’s case, it refers to a mismatch between Bitcoin’s evolving role and how it is still priced by parts of the market.

Bitcoin has historically been treated as a high-risk, high-reward asset closely tied to speculative cycles. While that behavior has not disappeared, it is no longer the full story. Infrastructure, regulation, and investor composition have changed significantly.

Bitcoin’s role is evolving beyond speculation

Bitcoin is increasingly being viewed as a macro asset rather than a purely technological one. Its fixed supply, decentralized nature, and independence from central banks have positioned it as a hedge against monetary instability.

Chen’s view that Bitcoin may be undervalued suggests that the market has not fully priced in this shift. Many investors still react to Bitcoin as if it were a short-term trade, even as long-term holders and institutions quietly accumulate.

Institutional access is reshaping demand

One of the most important developments in Bitcoin’s history has been the expansion of institutional access. Regulated investment products have made it easier for traditional investors to gain exposure without dealing with custody or technical complexity.

This shift matters because institutional capital behaves differently from retail speculation. It tends to be more patient, more strategic, and more consistent. As a result, demand becomes less reactive and more structural, reinforcing the idea that Bitcoin may be undervalued if markets are still anchored to outdated assumptions.

Declining relative volatility supports maturity

While Bitcoin remains volatile, its volatility profile has changed over time. As liquidity deepens and ownership spreads across larger, longer-term holders, extreme price swings become less frequent.

Chen has pointed out that Bitcoin’s volatility has declined relative to some major technology stocks, highlighting its maturation as an asset class. This evolution strengthens the argument that Bitcoin is transitioning toward a store-of-value role similar to gold, even if it has not fully arrived there yet.

Gold and Bitcoin: competition or complement?

The gold versus Bitcoin debate often frames the assets as competitors, but this framing oversimplifies reality. Gold and Bitcoin hedge different risks and appeal to different investor motivations.

Gold is rooted in historical trust and physical scarcity. Bitcoin is rooted in digital scarcity and network security. Both offer protection against fiat debasement, but they do so in distinct ways.

Different assets, similar purpose

Gold tends to perform well during periods of fear and uncertainty. Bitcoin can perform well during periods of monetary expansion and technological adoption. Sometimes these conditions overlap, allowing both assets to rise together.

Chen’s perspective suggests that modern portfolios may increasingly include both assets, recognizing their complementary roles. In this framework, Bitcoin may be undervalued not because it should replace gold, but because it offers a different form of protection that is still underappreciated.

The rise of hybrid strategies

As financial markets evolve, investors are no longer forced to choose a single hedge. Some allocate to gold for stability and Bitcoin for asymmetric upside. Others explore tokenized versions of traditional assets that combine old-world value with new-world efficiency.

This blending of strategies reflects a broader shift in how value is stored and transferred, reinforcing the relevance of both gold and Bitcoin in a changing financial system.

Tokenized gold and the future of real-world assets

One of the most interesting developments linking gold and Bitcoin is the rise of tokenized real-world assets. Tokenized gold allows investors to gain exposure to physical gold through blockchain-based instruments, offering faster settlement and greater flexibility.

This trend illustrates how traditional assets are adopting crypto infrastructure rather than rejecting it. For investors who believe Bitcoin may be undervalued, tokenized gold reinforces the idea that blockchain technology is becoming a foundational layer for future finance.

As real-world assets move on-chain, the distinction between traditional finance and crypto continues to blur, creating new opportunities and new valuation frameworks.

What the future could look like if Chen’s thesis holds

If Gracy Chen’s outlook proves accurate, the coming years could see gold remain strong while Bitcoin experiences a reassessment of its long-term value.

A bullish environment for alternative stores of value

In a scenario where monetary uncertainty persists and institutional adoption accelerates, Bitcoin could experience significant upside as demand grows and supply remains fixed. In such an environment, the idea that Bitcoin may be undervalued today would become clearer in hindsight.

Gold would likely continue to serve as a stabilizing force, benefiting from ongoing demand for safety and diversification.

A more measured but still constructive path

Even without dramatic price movements, Bitcoin could gradually appreciate as infrastructure improves and volatility declines. Gold could consolidate while maintaining elevated levels, reflecting sustained but calmer demand.

In both cases, the central theme remains the same: value preservation matters more than ever.

How investors should interpret “Bitcoin may be undervalued”

Rather than treating the phrase Bitcoin may be undervalued as a call to immediate action, it is better understood as a framework for long-term thinking. It invites investors to consider whether current prices reflect future adoption, legitimacy, and role within the global financial system.

Risk management, diversification, and time horizon remain critical. Neither gold nor Bitcoin is immune to drawdowns, but both offer unique properties that can strengthen portfolios when used thoughtfully.

Conclusion

Gracy Chen’s message resonates because it reflects the realities of a changing world. Gold’s bull run may not be over because uncertainty has become structural rather than temporary. At the same time, Bitcoin may be undervalued because its role is evolving faster than market perception.

Rather than competing, gold and Bitcoin increasingly represent two sides of the same response to financial instability. One is ancient, proven, and physical. The other is digital, scarce, and increasingly institutional.

For investors seeking resilience in uncertain times, understanding how these assets coexist may be more important than predicting which one outperforms next.

FAQs

Q: Why does Gracy Chen believe gold’s bull run isn’t over?

She views gold as a long-term hedge driven by persistent global uncertainty rather than short-term speculation, suggesting demand remains structurally strong.

Q: What does it mean when analysts say Bitcoin may be undervalued?

It means Bitcoin’s current price may not fully reflect its long-term potential as a store of value, especially as institutional adoption and infrastructure expand.

Q: How do institutional investors affect Bitcoin’s valuation?

Institutional participation tends to be more stable and long-term, which can reduce volatility and support higher valuations over time.

Q: Can gold and Bitcoin both perform well simultaneously?

Yes. They hedge different risks and can rise together during periods of monetary uncertainty and shifting investor sentiment.

Q: Is Bitcoin replacing gold as a store of value?

Not necessarily. Many investors see Bitcoin as a complement to gold rather than a replacement, offering a digital alternative with different strengths.

See More: Bitcoin Correction Fed Geopolitical Shockwaves