WisdomTree Model Pegs Bitcoin 26% Undervalued vs Gold Amid Dalio-Saylor Clash

WisdomTree's 'Bitcoin in Gold (BiG)' model shows Bitcoin 26% undervalued versus gold as of March 31, 2026, with BTC/gold ratio at 15.6 against fair value of 21.1, suggesting a long BTC/short gold trade. The analysis follows Ray Dalio's May 11 criticism of Bitcoin's safe-haven status due to privacy issues and tech correlation, swiftly rebutted by Michael Saylor citing BTC's 40% annualized returns since 2020 and superior Sharpe ratio. Tokenized gold volumes surged to $90.7 billion in Q1 2026, exceeding 2025 totals, while BTC gained ~12% since Feb. 28 amid tensions as gold fell ~10%; BTC MTD +5.7%.