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Bitcoin Looks Cheap Against AI Stocks, Bitwise Says, but Fed Hawkishness Could Stall a Rebound

6/18/2026

Bitwise analysts say $BTC is trading at what they call a historically discounted level relative to artificial-intelligence equities, placing the asset in a value zone that has attracted buyers in the past.

The catch, they warn, is that a Federal Reserve leaning toward higher-for-longer interest rates and a crowded field of competing assets are keeping fresh capital on the sidelines.

What "Historical Value Zone" Means for Bitcoin A historical value zone is a range where an asset's current valuation sits well below its long-run average relative to a benchmark — in this case, AI-related stocks.

Think of it as the market's version of a clearance rack: the asset hasn't fundamentally deteriorated, but it has grown cheaper compared to alternatives that captured more attention.

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