Bitcoin Is At Least 10X Undervalued, S2F Creator PlanB Claims

Key Points

1. Bitcoin recently reached an all-time high of $123,091, but PlanB argues it is still significantly undervalued.

2. PlanB's S2F model shows Bitcoin's scarcity ratio (~120) is double that of gold (~60), justifying a higher valuation.

3. Gold's market cap is ~$20 trillion, while Bitcoin's is ~$2 trillion, yet Bitcoin is scarcer, implying it should be worth at least 10x more.

4. Bitcoin's current price is $118,507.67, with a 0.52% increase in 24 hours and a 36.16% rise in trading volume to $65.88 billion.

5. Other analysts, like Matt Hougan, predict Bitcoin could reach $200,000 by the end of 2025 due to institutional interest.