--- title: "Bitcoin, Ethereum Are 'Really Underowned,' Analyst Says: 'Two of the Best Assets in the World'" type: "News" locale: "en" url: "https://longbridge.com/en/news/296931493.md" description: "Milk Road analyst John Gillen describes Bitcoin and Ethereum as 'really underowned' and among the world's best assets, urging investors to avoid panic-chasing the recent rally. He cites low volatility and historical positioning for downside as catalysts for the surge. Gillen awaits a weekly close above $82,000-$83,000 or a pullback to $70,000-$74,000 before deploying more capital, highlighting Ethereum's dominance in tokenization and stablecoins." datetime: "2026-08-25T14:30:08.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/296931493.md) - [en](https://longbridge.com/en/news/296931493.md) - [zh-HK](https://longbridge.com/zh-HK/news/296931493.md) generator: "portal-rs" --- # Bitcoin, Ethereum Are 'Really Underowned,' Analyst Says: 'Two of the Best Assets in the World' **Bitcoin** (CRYPTO: BTC) and **Ethereum** (CRYPTO: ETH) are “really underowned” assets as far as Milk Road analyst John Gillen is concerned. Even so, he says market participants that have not captured the latest rally should refrain from “panic-chasing.” ### Why Was Last Week’s Crypto Rally Inevitable? Speaking on the Milk Road podcast on Monday, Gillen stated that Bitcoin’s volatility had dropped to levels seen in only 6% of its entire history before last week’s explosion.  Volume was historically low, open interest was climbing, and the market was heavily positioned for further downside.  Two unpriced catalysts flipped that setup: Treasury Secretary **Scott Bessent** announced expanded bond buybacks, and President **Donald Trump** named Hyperliquid at the White House.  Together they triggered over $4 billion in short liquidations and Bitcoin’s largest weekly dollar gain on record. The signal Gillen is watching now is whether spot volume keeps supporting the move — so far it is, with ETF inflows and spot markets both holding the bid since the squeeze. ### What Gillen Says About Deploying Cash Gillen told listeners that he is not chasing the current price and is waiting for one of two things before deploying his remaining cash.  Either Bitcoin posts a weekly close above $82,000 to $83,000, confirming a technical bull market, or the market pulls back into the $70,000 to $74,000 range for a higher-low that would be an even cleaner entry.  He called chasing the pump at current levels poor risk management when confirmation is still pending. For those feeling FOMO, Gillen suggested taking 5% to 10% of intended capital to get a small position, not to complete the allocation but to calm emotions and think more clearly about the rest. ### Why Is Gillen Most Bullish on Ethereum? Gillen called Ethereum the most misunderstood asset in the market right now, with tokenization, stablecoins, and agentic AI payments concentrated in its ecosystem: - Ethereum holds 65% of the tokenized real-world asset market - Ethereum holds 52.9% of total stablecoin market cap - **Robinhood** (NASDAQ:HOOD) and **Coinbase** (NASDAQ:COIN) are both building their own chains on Ethereum, reinforcing its role as the neutral settlement layer for the next generation of finance “Nobody owns any ETH,” Gillen said. “Nobody owns any Bitcoin. And they’re two of the best assets in the market.” He expects Bitcoin above $82,000 within the next week if momentum holds, calling it a coin-toss between breaking into a technical bull market or forming a higher low before the next attempt. **Read Also: Why BTC Digital Stock Is Surging On Tuesday** *Image: Shutterstock* ### Related Stocks - [ETHE.US](https://longbridge.com/en/quote/ETHE.US.md) - [GBTC.US](https://longbridge.com/en/quote/GBTC.US.md) - [FETH.US](https://longbridge.com/en/quote/FETH.US.md) - [ARKB.US](https://longbridge.com/en/quote/ARKB.US.md) - [CETH.US](https://longbridge.com/en/quote/CETH.US.md) - [IBIT.US](https://longbridge.com/en/quote/IBIT.US.md) - [FBTC.US](https://longbridge.com/en/quote/FBTC.US.md) - [ETHW.US](https://longbridge.com/en/quote/ETHW.US.md) - [BITB.US](https://longbridge.com/en/quote/BITB.US.md) - [ETHA.US](https://longbridge.com/en/quote/ETHA.US.md) - [BITO.US](https://longbridge.com/en/quote/BITO.US.md) - [BRRR.US](https://longbridge.com/en/quote/BRRR.US.md) - [BTCO.US](https://longbridge.com/en/quote/BTCO.US.md) - [BTCW.US](https://longbridge.com/en/quote/BTCW.US.md) - [HODL.US](https://longbridge.com/en/quote/HODL.US.md) - [EZBC.US](https://longbridge.com/en/quote/EZBC.US.md) - [03008.HK](https://longbridge.com/en/quote/03008.HK.md) - [03042.HK](https://longbridge.com/en/quote/03042.HK.md) - [03430.HK](https://longbridge.com/en/quote/03430.HK.md) - [BTCE.DE](https://longbridge.com/en/quote/BTCE.DE.md) - [HOOD.US](https://longbridge.com/en/quote/HOOD.US.md) - [COIN.US](https://longbridge.com/en/quote/COIN.US.md) - [BTCT.US](https://longbridge.com/en/quote/BTCT.US.md) - [BTCTW.US](https://longbridge.com/en/quote/BTCTW.US.md) ## Related News & Research - [Liquid Network Recovers 85% Of Stolen Bitcoin After Hackers Demand A Security Fix Before Returning Most Funds](https://longbridge.com/en/news/298258280.md) - [14:52 ETAPX Lending Launches Five-Year Bitcoin and Ethereum-Backed Line of Credit, Closing the Gap Between Digital Assets & Traditional Finance](https://longbridge.com/en/news/297948665.md) - [Standard Chartered launches institutional spot crypto trading in UAE](https://longbridge.com/en/news/297888609.md) - [Polygon CEO Triggers Crypto Community With Vacation Take and Schools Critics](https://longbridge.com/en/news/298116277.md) - [Assessing how Ethereum’s 2027 upgrade could redefine ETH’s utility](https://longbridge.com/en/news/298377520.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**