planB: Bitcoin is at least undervalued by 10 times

ChainCatcher message, analyst PlanB posted on the X platform stating, "The market cap of gold is about $20 trillion, while the market cap of Bitcoin is about $2 trillion. Therefore, the value of gold is 10 times that of Bitcoin.

The scarcity of gold (stock-to-flow ratio) is about 60, while the scarcity of Bitcoin is about 120. Therefore, the scarcity of Bitcoin is twice that of gold. I believe Bitcoin is at least undervalued by a factor of 10."