A leading Bitcoin analyst and author of the stock-to-flow model for BTC is known on the social network X (formerly Twitter) as PlanB.
A leading Bitcoin analyst and author of the stock-to-flow model for BTC is known on the social network X (formerly Twitter) as PlanB.
PlanB has made an ultra-bullish Bitcoin prediction, stating that he expects the price of Bitcoin to rise almost four times more than its current price, but he evaluated his prediction in terms of the price of gold, in ounces.
Bitcoin will be worth 100 ounces of gold: PlanB
In a recent tweet, PlanB reminded the cryptocurrency community that one Bitcoin is currently worth 26 ounces of gold (one ounce valued at $2,000). His tweet claims that in 2024-2025 the price of the world’s flagship digital currency is likely to rise to at least 100 ounces of gold. This is the trust equivalent of $200,000.
However, the chart shows PlanB’s prediction in detail; In 2024, he expects Bitcoin to rise to 35 ounces of gold ($70,000, taking into account the current price of gold), and in 2025, the analyst expects the asset to skyrocket to 300 ounces of gold. This would make Bitcoin valued at $600,000, according to PlanB’s expectations.
At the time of writing, Bitcoin is changing hands above the $52,200 price level.
