Home Crypto Bitcoin Bitcoin Could/Will Overtake Gold and Real Estate

Bitcoin Could/Will Overtake Gold and Real Estate

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Quantitative analyst PlanB sees Bitcoin’s market cap reaching somewhere between $10 and 100-T”— Paul Ebeling

Note: Bitcoin’s market cap is approximately $1.2-T at time of writing.

Plan-B’s thesis: “After the next halving, or really this halving, we should get really close to the gold market cap. 

And after the next halving, it would really surprise me if an asset that is recognized by the market as a store of value, that has more than a trillion dollars in value, if that store of value, with a bigger scarcity than gold, would not at least be valued higher than gold. 

So somewhere between gold and real estate – $10 trillion and $100 trillion, roughly.”

PlanB predicts the next halving could be a catalyst that prompts investors to perceive Bitcoin as a scarce store of value.

“…I think that the halving still will be an impulse for investors because they will recognize and see Bitcoin for what it is – a really scarce asset, and valuable.”

The crypto analyst’s forecasts are based on the stock-to-flow (S2F) trading model, which attempts to predict the price of an asset by measuring the amount of new supply entering the market compared to the amount of already existing supply.

Looking at the S2F applied to Bitcon, PlanB sees an even bigger future for the largest crypto asset by market cap.

“I do think if the stock-to-flow of Bitcoin will be bigger than even real estate – so above 100, and that basically is the case after the next halving – and certainly after the halving in 2028. But let’s say 2024, when we go over real estate, then it will be the most portable, most divisible, more fungible, and also the most scarce asset on the planet. 

I think investors will see that, and that combination will probably mean that people are going to see Bitcoin not as a store of value but as in money. And that will trigger the hyper-Bitcoinization.”

Bitcoin is currently trading at $69,069.89, up about 10% over the last 24 hrs.

Have a prosperous day, Keep the Faith!

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Paul A. Ebeling, a polymath, excels, in diverse fields of knowledge Including Pattern Recognition Analysis in Equities, Commodities and Foreign Exchange, and he is the author of "The Red Roadmaster's Technical Report on the US Major Market Indices, a highly regarded, weekly financial market commentary. He is a philosopher, issuing insights on a wide range of subjects to over a million cohorts. An international audience of opinion makers, business leaders, and global organizations recognize Ebeling as an expert.