Is Bitcoin Cheap or Expensive? Experts Reveal Shocking Numbers
Bitcoin is trading at a 40% discount, according to expert Charles Edwards.
In the context of Bitcoin (BTC) and the altcoin market having just had a strong recovery, bringing the price of BTC from 80,000 USD to over 90,000 USD , expert Charles Edwards , founder of Capriole Investments, said that the price of Bitcoin is still cheap compared to its real value.
Edwards shared that according to the Energy Value model – a pricing model based on Bitcoin mining energy consumption – the fair value of BTC should now be around $130,000 , instead of the $90,000 the market is currently trading at.
Energy Value Model: Bitcoin is Trading 40% Below Its Real Value
In a post on social media X, Edwards said Bitcoin's Energy Value has reached $130,000 , especially after a year since the last halving event.
With BTC currently around $93,000 , that means Bitcoin is at a discount of nearly 40% to its intrinsic value , according to estimates from this model.
“Bitcoin Energy Value is $130,000. One year after the halving, BTC is still trading at a huge discount,” Edwards noted.
Market sentiment remains positive, long-term value attractive
While the overall market sentiment is leaning towards optimism , Edwards' view further reinforces the belief that Bitcoin still has plenty of room to rise if the market revalues its intrinsic value.
This could be an opportunity for long-term investors , especially as Bitcoin enters its historic post-halving phase.