#Bitcoin #PlanB #Gold #Cryptocurrency #BTCPricePrediction #Investing #Blockchain #DigitalGold
Renowned Bitcoin analyst PlanB, famed for his predictive stock-to-flow model concerning BTC, has recently ventured a groundbreaking forecast tailored to the cryptocurrency’s future price, albeit in an unprecedented frame of reference—gold ounces. This innovative outlook promises to offer a fresh perspective on Bitcoin’s valuation, particularly intriguing for both the crypto enthusiasts and precious metal investors alike. PlanB’s audacious projection was shared on X (formerly known as Twitter), where he posits a significant appreciation in Bitcoin’s value against gold in the near future, hinting at a remarkable tilt in the balance of value between digital and traditional assets.
Currently, a single Bitcoin equates to around 26 ounces of gold, basing the gold price at $2,000 per ounce. This valuation sets a fascinating precedent but pales in comparison to PlanB’s vision for 2024-2025, where he foresees Bitcoin ascending to a staggering 100 ounces of gold in value, effectively pushing its worth in fiat currency to around $200,000. This bold prediction doesn’t stop there; PlanB further anticipates a continuing upward trajectory for Bitcoin, envisioning it reaching 35 ounces of gold (roughly $70,000) by 2024, and astonishingly, up to 300 gold ounces—or $600,000—by 2025. This forecast not only emphasizes Bitcoin’s potential growth but also its remarkable milestone in the journey of digital assets, potentially ushering in a new era of valuation methodologies for cryptocurrencies in comparison to traditional assets like gold.
Image: https://weeklyfinancenews.online/wp-content/uploads/2023/08/bitcoin11.png
Comments are closed.