Bitcoin is at least 10 times underrated, claims S2F creator Planb

Bitcoin (BTC), the flagship cryptocurrency recently reached an all-time high (ATH) of $123,091 amid bullish sentiment. Despite its value spikes, Planb, creator of the Stock-to-flow (S2F) model, argues that Bitcoin is likely to be undervalued 10 times more than in the wider financial space.

Bitcoin maintains bullish momentum

In a post on X, Planb claimed that Bitcoin’s S2F ratio is about 120 higher than gold, compared to the former 60. Therefore, despite the historically rare nature of gold, Planb argues that Bitcoin is even scarier.

The analyst argument is based on the 21 million Bitcoin cap. He noted that Bitcoin, which has a market capitalization of $2 trillion compared to $20 trillion in gold, is undervalued at least 10 times in terms of current prices.

If you adopt PlanB’s forecast, it means that Bitcoin must be valued at $1.18 million or more. As of press time, Bitcoin was trading at $118,507.67, representing a 0.52% increase over the last 24 hours.

Investors remain bullish on flagship currency as trading volumes rose 36.16% to $65.888 billion within the same time frame. This may be related to technical indicators that indicate that BTC is above critical support levels.

Analyst predicts 200k btc

Interestingly, Bitwise Chief Investment Officer Matt Hougan claims that Bitcoin is in the discovery stage. Hogan believes that Bitcoin could reach $200,000 By the end of 2025, it will be driven by increased institutional demand and increased adoption.

Meanwhile, Robert Kiyosaki, author of another notable voice, “Rich Papa Poor Daddy,” states the flagship. Digital assets can crash In the future, along with gold and other precious metals.

However, Kiyosaki says he intends to accumulate more when it happens. This suggests that financial authors remain bullish about BTC and want to invest more in assets.