According to @Andre_Dragosch, markets are not always efficient during extremes in sentiment, leading to persistent price-versus-value divergences that create mispricings for traders to exploit, source: @Andre_Dragosch on X, Dec 6, 2025. He states Bitcoin (BTC) is massively underpriced on absolute and relative valuations when set against his growth outlook for 2026, source: @Andre_Dragosch on X, Dec 6, 2025. He adds that BTC is essentially pricing in a recession that is unlikely to materialize, implying the current discount reflects macro pessimism rather than fundamentals, source: @Andre_Dragosch on X, Dec 6, 2025. He notes the lack of consensus in market commentary is itself a signal that potential alpha exists from this mispricing, summarized as fundamentals minus perception equals opportunity, source: @Andre_Dragosch on X, Dec 6, 2025.