#XRPETFs

In the context of Bitcoin (BTC) and the altcoin market recently experiencing a strong recovery, bringing the price of BTC from $80,000 to over $90,000, expert Charles Edwards, founder of Capriole Investments, believes that the current price of Bitcoin is still cheap compared to its true value.

Edwards shares that according to the Energy Value model - a pricing model based on the energy consumption of Bitcoin mining - the fair value of BTC should currently be around $130,000, instead of $90,000 as the market is trading.

Edwards stated that the Energy Value of Bitcoin has reached $130,000, particularly after a year since the most recent halving event.

With the current price of BTC around $93,000, it means that Bitcoin is being discounted nearly 40% compared to its intrinsic value, according to estimates from this model.

Edwards emphasizes: “Bitcoin Energy Value is $130,000. One year after halving, BTC is still trading at a massive discount.”