Renowned analyst PlanB has ignited the cryptocurrency community with a bold statement regarding Bitcoin's current market value. In a recent post on X, PlanB asserted that Bitcoin is "at least 10 times undervalued" compared to gold. Bitcoin vs. Gold: A Scarcity Perspective PlanB's argument centers around the contrasting market capitalizations and scarcity indexes of Bitcoin and gold. While gold boasts a market cap of roughly $20 trillion, Bitcoin sits at approximately $2 trillion. However, when considering scarcity, Bitcoin's index of 120 doubles gold's index of 60. This suggests Bitcoin is significantly rarer. Bitcoin's Potential for Growth PlanB's analysis implies substantial upside potential for Bitcoin. If Bitcoin were valued similarly to gold based on scarcity, its price could theoretically increase tenfold. This assertion aligns with growing institutional interest and increasing adoption of Bitcoin as a store of value and hedge against inflation. While market predictions should be taken with caution, PlanB's statement underscores the conviction that Bitcoin has significant room for growth. ```

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