Bitcoin, the leading cryptocurrency, reached a record value of $123,091, generating excitement among investors and analysts. The question of its undervaluation is being discussed amid increasing interest in digital assets.
Bitcoin and Its Market Value
According to PlanB, the creator of the Stock-to-Flow model, Bitcoin might be undervalued by tenfold given its current market capitalization of $2 trillion compared to gold's $20 trillion. PlanB claims Bitcoin has a higher S2F ratio of approximately 120, compared to gold's 60.
Bitcoin Price Predictions
If PlanB's projections are correct, Bitcoin's value could surpass $1.18 million. Currently, Bitcoin is trading at $118,507.67 with a 0.52% increase over the last 24 hours. Trading volume has risen by 36.16% to $65.88 billion, confirming investor optimism.
Expert Opinions Analysis
Matt Hougan, Chief Investment Officer of Bitwise, asserts that Bitcoin is in a discovery phase, potentially reaching $200,000 by the end of 2025. Meanwhile, Robert Kiyosaki, author of 'Rich Dad Poor Dad,' expresses concerns about a possible crash of the currency but intends to buy more Bitcoin if it occurs.
The ongoing discussion surrounding Bitcoin highlights reflections on its future price and prospects. Analysts have diverse opinions, yet the prevailing trend points towards increasing interest and investment in this asset.
