Why PlanB Thinks Bitcoin Is the Sparkly Gem of the Crypto World đŸ”„đŸ’Ž

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Ah, Bitcoin! This little darling of digital currency, darling BTC, is strutting about with a price tag reading a cheeky $118,307—almost as dramatic as a diva in a sequined gown. 💃 But wait, there’s more! In the grand circus of finance, our beloved Bitcoin has a 24h volatility of a mere 0.4% and a market cap that flirts with $2.35 trillion. Quite the impressive rĂ©sumĂ©, wouldn’t you say?

Now, according to the esteemed PlanB—who has apparently donned his crown as the quantitative analyst of Bitcoin banter—this digital treasure is simply too good to be true. He suggests Bitcoin is at least a whopping ten times undervalued. If that doesn’t get your eyebrows dancing, I don’t know what will!

Gold market cap is a plush ~$20 trillion, while our dear Bitcoin, bless its heart, huddles at ~$2 trillion. So, gold is worth ten times our beloved Bitcoin.

Gold’s scarcity? A modest ~60. Bitcoin’s? A dazzling ~120! Talk about a glow-up—Bitcoin is twice as scarce as gold, darling!

In my ever-so-humble opinion, Bitcoin is indeed a veritable bargain at this price. đŸŽ©

— PlanB (@100trillionUSD) July 21, 2025

Scarcity vs. Valuation: Bitcoin Outshines Gold

With gold casting its lofty shadow at a market capitalisation of around $20 trillion and flaunting a stock-to-flow ratio of ~60, it seems the glittering yellow metal is quite pleased with itself. Meanwhile, Bitcoin, strutting in with its own stock-to-flow ratio of a fabulous ~120, comfortably establishes its superiority—it’s the plus-one nobody saw coming, really.

BTC, Silver, Gold, and Real Estate | Source: TradingView

And what’s this? A tight regression line—fancy! Unsurprisingly, Bitcoin is still playing below the trendline while everyone else is sipping champagne on the overpriced terrace. What a scandal!

On-Chain Metrics Support Bullish Continuation

Meanwhile, in a round of applause fit for a standing ovation, on-chain analysis firm Glassnode has revealed that Bitcoin wallets across the board, from pocket-sized retail holders to the whales flaunting over 10,000 BTC, are back in accumulating mode. Who needs a yacht when you’ve got Bitcoin, right?

All major #Bitcoin cohorts by wallet size are back in near-perfect accumulation mode. Even those grand whales greater than 10K BTC have returned, reminiscent of their behavior last seen in December 2024. The market is positively twinkling with conviction, darling! 💾

— glassnode (@glassnode) July 21, 2025

Simultaneously, the SOPR (Spent Output Profit Ratio) for long-term holders has pranced to a new 2025 height, surpassing the mid-range—yet there’s no need for alarm bells just yet, as we are far from euphoric heights experienced at market tops.

SOPR Long Term Holders | Source: TradingView

Analyst Gaah winks knowingly, suggesting that this upward momentum still has a few pirouettes left before the show must end.

Bitcoin Price Analysis: Technicals Point to Higher Targets

On July 21, our buoyant Bitcoin was trading at around $118,000 on the illustrious Binance, having bounced off its lower Bollinger Band—a high-flying, nose-up maneuver reminiscent of a well-trained circus performer! đŸŽȘ

With Bollinger Bands spreading out like a particularly lively fan dance, you can expect a wave of high volatility, darling! The MACD is even making all the right moves with a bullish crossover, while the RSI has slid into the 64.65 zone—entering bullish territory but not overstuffed, if you please.

BTC Daily Chart with Momentum Indicators | Source: TradingView

Meanwhile, the Balance of Power sits cozily at a positive 0.23, and the Chaikin Money Flow flirts with 0.08. If that doesn’t scream “capital inflows,” I don’t know what does! 💰

With Bitcoin’s current market cap at $2 trillion, despite its dazzling scarcity when set against gold, it’s clear as day that this digital gem is listed at discount prices. One can only imagine the heights PlanB envisions for Bitcoin, pondering a valuation to parallel gold’s own radiant $20 trillion. What a day to be alive in the crypto circus! 🎉

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2025-07-22 00:25