Bitcoin has been at least underestimated by a factor of 10, according to PlanB, the creator of the S2F model. This summary generated by AI states that Bitcoin recently reached an all-time high of $123,091, but analyst PlanB claims it could be underestimated by ten times. With strong bullish sentiment and increased volume, forecasts suggest Bitcoin could reach $200,000 by 2025. Bitcoin (BTC), as the flagship Crypto Asset, recently reached an all-time high (ATH) of $123,091, with a bullish market sentiment. Despite the surge in value, PlanB, the founder of the Stock-to-Flow (S2F) model, claims that Bitcoin may be underestimated by a factor of 10 in the broader financial landscape. Maintaining bullish momentum in a post on X, PlanB believes that Bitcoin's S2F ratio is about 120 compared to gold's ratio of 60. Notably, a higher S2F indicates greater scarcity. Thus, despite gold's historical scarcity, PlanB insists that Bitcoin is even scarcer. The analyst's argument is based on Bitcoin's capped supply of 21 million. He points out that Bitcoin's market capitalization is $2 trillion, while gold's market capitalization is $20 trillion, meaning Bitcoin is at least underestimated by a factor of 10 at its current price. If PlanB's predictions hold true, it implies that Bitcoin's value should exceed $1.18 million. As of the time of writing, Bitcoin is trading at $118,507.67, having risen 0.52% in the past 24 hours. Investors remain bullish on this flagship currency, as during the same time frame, volume increased by 36.16%, reaching $65.88 billion. This may be related to its technical indicators, which suggest BTC remains above critical support levels. Analysts predict BTC will reach $200,000. Interestingly, Matt Hougan, Chief Investment Officer of Bitwise, believes that Bitcoin is in a discovery phase. Hougan believes Bitcoin could reach $200,000 by the end of 2025, driven by increasing institutional demand and rising adoption rates. Meanwhile, another notable voice, Robert Kiyosaki, author of "Rich Dad Poor Dad," suggests that the flagship digital asset could crash in the future, along with gold and other precious metals. However, Kiyosaki indicates that he intends to accumulate more at that time. This suggests that the financial writer remains bullish on BTC and is eager to invest more in the asset.