Grayscale Head of Research Zach Pandl says Bitcoin (CRYPTO: BTC) is undervalued at current levels, but the crypto market’s biggest long-term opportunity may still lie in AI-focused blockchain networks. Speaking in a CoinTelegraph interview on June 24, Pandl said Bitcoin appears cheap based on several on-chain valuation models. Although, it is not yet at the deeply discounted levels seen after the collapse of FTX.