Bitcoin (BTC) and altcoins have experienced a quick rebound in recent days. This rebound has pushed Bitcoin from the 80 thousand dollar levels to over 90 thousand dollars.
As the overall sentiment in the Bitcoin and cryptocurrency market shifts in favor of bulls, popular analyst Charles Edwards stated that Bitcoin is still trading at a discount despite its rise.
Charles Edwards, the founder of Capriole Investments, argued that the fair value of Bitcoin right now is $130,000, not $90,000.
In a post from his Edwards X account, he announced that Bitcoin's Energy Value reached $130,000 one year after the halving event. Accordingly, Bitcoin is trading at a significant discount compared to its intrinsic value calculated by the Energy Value model.
According to the analyst, the fair value of Bitcoin should be around 130 thousand dollars, but the BTC price is currently trading at about 93 thousand dollars, which means a 40% discount.
” Bitcoin Energy Value is $130,000. A year has passed since the halving, and Bitcoin is trading at a significant discount of 40% to its intrinsic value.”
Bitcoin Energy Value is at $130K. We are one year post Halving and Bitcoin is trading at a whopping 40% discount to its intrinsic value. pic.twitter.com/kbqTgTPp5d
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What is the Fair Value of Bitcoin? Is it Cheap or Expensive Right Now? An Expert Has Revealed!
Bitcoin (BTC) and altcoins have experienced a quick rebound in recent days. This rebound has pushed Bitcoin from the 80 thousand dollar levels to over 90 thousand dollars.
As the overall sentiment in the Bitcoin and cryptocurrency market shifts in favor of bulls, popular analyst Charles Edwards stated that Bitcoin is still trading at a discount despite its rise.
Charles Edwards, the founder of Capriole Investments, argued that the fair value of Bitcoin right now is $130,000, not $90,000.
In a post from his Edwards X account, he announced that Bitcoin's Energy Value reached $130,000 one year after the halving event. Accordingly, Bitcoin is trading at a significant discount compared to its intrinsic value calculated by the Energy Value model.
According to the analyst, the fair value of Bitcoin should be around 130 thousand dollars, but the BTC price is currently trading at about 93 thousand dollars, which means a 40% discount.