Bitwise Predicts Bitcoin Undervalued, Could Surpass $100k; Digitap ($TAP) Presale Gains Amid Altcoin Rotation

Crypto investment firm Bitwise Asset Management has released a bullish analysis on Bitcoin (BTC), arguing it is fundamentally undervalued. In its recent Monthly Bitcoin Macro Investor report, Bitwise Chief Investment Officer Matt Hougan stated that Bitcoin "should" be trading far above the $100,000 level. The firm's analysis compares Bitcoin's market capitalization to the global M2 money supply, which stands at a record $137 trillion.

Bitwise estimates that Bitcoin is undershooting the global money supply by about two-thirds, leading to a fair value estimate of nearly $270,000. The report cites global monetary expansion, including Japan's $110 billion stimulus, Canada's refreshed quantitative easing, and China's $1.4 trillion fiscal initiative, as context. The firm also posits that a mere 5% rotation from gold into Bitcoin could push its price toward $250,000, suggesting markets are slow to price in Bitcoin's role as a digital store of value.

Concurrently, attention is shifting toward altcoins with the potential start of an "altseason," as Ethereum (ETH) regains the $3,000 level and surges toward its August all-time high of $4,953. Analysts like BitMine Chairman Tom Lee have offered long-term bullish forecasts for ETH, ranging from $12,000 to $62,000 based on various adoption metrics.

Amid this market sentiment, the low-cap presale project Digitap ($TAP) is attracting significant investor interest, including reported shifts from BNB whales seeking higher returns. Digitap's presale has surpassed $2.2 million in funding despite broader market pressures. The project, which calls itself the world's first "omni-bank," offers a fintech app blending crypto and fiat, featuring multiple offshore bank accounts, over 100 cryptocurrencies, and a recently live Visa-powered prepaid debit card that allows users to spend crypto anywhere Visa is accepted.

The $TAP token presale is structured in stages, with the current price at $0.0361 in the second round, up from an initial $0.0125—representing a roughly 190% paper gain for earliest backers. The upcoming stage will increase the price to $0.0371, with a projected listing price of $0.14, offering potential for significant returns. Tokenomics include allocating half of platform profits to buyback-and-burn initiatives and staker rewards.