Bitcoin’s Energy Value Puts Fair Price at $167K Amid Record Hash Rate

Bitcoin’s Energy Value Puts Fair Price at $167K Amid Record Hash Rate

Bitcoin remains significantly undervalued when compared to its energy-based “fair value,” according to new analysis from Capriole Investments. Bitcoin’s hash rate is hitting record highs, yet its market price still trails far behind what energy metrics indicate it should be worth. Charles Edwards, founder of Capriole Investments, estimates that the cryptocurrency’s fair value currently stands 45% above its market price of roughly $116,715. ...

Bitcoin’s Energy Value Puts Fair Price at $167K Amid Record Hash Rate Coinatory

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