Proekt_73
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Bitcoin has updated its hash rate maximum, and currently, BTC has a significant "discount" to its energy value.
Today, the Bitcoin network reached a historic maximum hash rate of about 935 EH/s.
Charles Edwards, founder and CIO of Capriole Investments (a quantitative crypto fund), author of the Hash Ribbons indicators (the one that gives signals for miner capitulation and BTC purchases) and the Bitcoin Energy Value model, writes about the serious undervaluation of #BTC - its energy value is now $145,000:
"The hash rate is rapidly growing, and the energy value of Bitcoin has just reached $145,000. This means that the price is 31% below the value. Today, we are trading at an even greater discount to the value - around $116,000, compared to when BTC was $10,000$ in September 2020."
Let us remind you that the Energy Value is Edwards' model that links the "fair value" of BTC with the energy consumption of the network and the efficiency of mining. Deviations from this estimate are possible and can be prolonged, so this is a benchmark, not a trading signal.
Today, the Bitcoin network reached a historic maximum hash rate of about 935 EH/s.
Charles Edwards, founder and CIO of Capriole Investments (a quantitative crypto fund), author of the Hash Ribbons indicators (the one that gives signals for miner capitulation and BTC purchases) and the Bitcoin Energy Value model, writes about the serious undervaluation of #BTC - its energy value is now $145,000:
"The hash rate is rapidly growing, and the energy value of Bitcoin has just reached $145,000. This means that the price is 31% below the value. Today, we are trading at an even greater discount to the value - around $116,000, compared to when BTC was $10,000$ in September 2020."
Let us remind you that the Energy Value is Edwards' model that links the "fair value" of BTC with the energy consumption of the network and the efficiency of mining. Deviations from this estimate are possible and can be prolonged, so this is a benchmark, not a trading signal.
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