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Bitcoin and altcoin analysts often have different approaches, with some standing out due to their unique perspectives. PlanB, known as the creator of the stock-to-flow (S2F) model, is one such analyst, famous for his $100,000 BTC prediction. Recently, he has been comparing BTC to the price of gold per ounce. According to the analyst, BTC is still below its expected value against an ounce of gold.
In the complex world of Bitcoin valuation, a fascinating discovery emerges: when measuring BTC against gold (XAU) instead of the dollar, the cryptocurrency’s price appears closer to the Stock Flow (S2F) model value.
Bitcoin gains a new dimension when measured against gold. According to PlanB, at the current rate, BTC is equivalent to 22 ounces of gold, which he believes represents its natural value. However, Bitcoin continues to trade below its S2F model value of 35 ounces, indicating it is undervalued.
A Look to the Future: The S2F Model and the 2024 Halving Event
An important aspect to consider is the upcoming 2024 halving event, which could reshape Bitcoin’s valuation dynamics. After the halving, PlanB suggests an interesting view: the S2F model value for BTC could indicate a surprising equivalent of 300 ounces of gold.
With PlanB’s perspective, such a leap in BTC underscores the future appreciation potential of Bitcoin and solidifies its status as a valuable asset beyond traditional fiat measurements.
In conclusion, examining Bitcoin’s value through a gold-measured lens provides a nuanced perspective that reveals potential undervaluation and offers insights into the cryptocurrency’s future trajectory. As the 2024 halving approaches, alignment with the S2F model becomes increasingly critical, indicating a transformative stage for Bitcoin’s value in the evolving financial landscape.
Looking at the Bitcoin price at the time of writing, we see that BTC is trading at the $44,000 level, with a 2% increase in the last 24 hours. This has also led to significant movements for altcoins. In particular, today’s rise in Solana stands out. The cryptocurrency with the most significant increase of the day is BAKE, with a 50% rise.
