A major Bitcoin analyst and author of the stock-to-flow model for BTC is known on the X social media network (formerly Twitter) as PlanB.
PlanB has made an ultra-bullish Bitcoin prediction, stating that he expects the Bitcoin price to surge almost four times higher than its current price but evaluated his prediction in terms of the price of gold, in ounces.
Bitcoin to be worth 100 ounces of gold: PlanB
In a recent tweet, PlanB reminded the cryptocurrency community that currently one Bitcoin is worth 26 ounces of gold (one ounce evaluated at $2,000). His tweet states that it is likely that in 2024-2025 the price of the global flagship digital currency should rise at least to 100 gold ounces. This is the fiat equivalent of $200,000.
However, the chart shows PlanB’s prediction in detail; in 2024, he expects Bitcoin to rise to 35 gold ounces ($70,000, taking into account the current price of gold), and in 2025 the analyst expects the asset to skyrocket as high as 300 gold ounces. This would make Bitcoin valued at $600,000, according to PlanB’s expectations.
Bitcoin = 26 ounces of Gold. It would surprise me if BTC would stay below 100 ounces of Gold in 2024/2025. pic.twitter.com/IghU4u7gCy
— PlanB (@100trillionUSD) February 19, 2024
At the time of this writing, Bitcoin is changing hands above the $52,200 price level.
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