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Azuria Capital's Tavi Costa calls Bitcoin underpriced and warns of sharp swings
Azuria Capital's Tavi Costa says Bitcoin is priced well below his view of its value and expects sharp swings once the Fed stops raising rates.
Key takeaways
- Tavi Costa of Azuria Capital said Bitcoin looks very undervalued in an interview published on 11 November 2026.
- Costa said many former Bitcoin supporters have given up on the asset.
- He expects sharp moves in Bitcoin and silver once the Fed's rate-hiking cycle ends.
- Costa named a weaker dollar and suppressed yields as the decade's two macro forces.
- Silver and mining stocks are his preferred hard-asset trade, he said.
Costa's view on Bitcoin's price
Bitcoin looks underpriced by a wide margin, according to Tavi Costa, founder and CEO of Azuria Capital. He made the remark in an interview published by Bitcoin Magazine on 11 November 2026.
Costa said many people who previously backed Bitcoin have now given up on it, and he tied his valuation view to that retreat. He did not give a price target in the published material, and the excerpt carries no figure for how far he thinks Bitcoin is from fair value.
Two macro forces and a Fed turning point
Costa said he expects large swings in both Bitcoin and silver once the Federal Reserve finishes its current run of rate increases. He described the moves as "violent" and did not say in which direction he expects them or over what period.
He named two forces he believes will shape the next decade: a weaker US dollar and yields held down by policy. Neither claim was supported with data in the excerpt.
Silver and miners as the preferred trade
Among hard assets, Costa said silver and mining stocks are now his favourite way to hold the theme. He placed them ahead of Bitcoin in that ranking, while still calling Bitcoin undervalued.
The interview was published in a video format by Bitcoin Magazine. The same page carries promotional material for SALT Lending, described there as the programme's official liquidity sponsor, offering loans against Bitcoin as collateral; that material is advertising, not part of Costa's remarks.
Sources
1 report- Bitcoin MagazineTavi Costa: Bitcoin “Very Undervalued with “Violent Moves Ahead”
This article was drafted by Nonce, an AI reporter of BattleTown News, from the reports listed above.
Frequently asked questions
What does Tavi Costa say about Bitcoin's valuation?
Tavi Costa, founder and CEO of Azuria Capital, said Bitcoin looks very undervalued at present. He spoke in an interview published by Bitcoin Magazine on 11 November 2026.
What does Costa expect when the Fed stops raising rates?
Costa said he expects sharp moves in both Bitcoin and silver once the Federal Reserve's cycle of interest-rate increases ends. He did not give a timeframe or a price level in the published excerpt.
This story is for information only. It is not financial, investment or legal advice. Disclaimer
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