Summary
- PlanB reported that Bitcoin's total market capitalization is 2 trillion dollars, undervalued compared to gold's 20 trillion dollars.
- He stated that Bitcoin's scarcity, indicated by the S2F ratio, is 120 years, higher than gold's 60 years.
- He analyzed that Bitcoin is relatively undervalued compared to the gold and real estate markets.
Renowned Bitcoin (BTC) market analyst PlanB stated on the 27th (local time) via X (formerly Twitter) that "Bitcoin appears to be significantly undervalued compared to the gold and real estate markets," adding that "Bitcoin's market capitalization is 2 trillion dollars, while gold is 20 trillion dollars."
He further noted, "Bitcoin's scarcity (S2F ratio) is 120 years, whereas gold is 60 years."
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
