$BTC In the context of Bitcoin (BTC) and the altcoin market recently experiencing a strong recovery, pushing the price of BTC from 80,000 USD to over 90,000 USD, 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 today should be around 130,000 USD, rather than the 90,000 USD at which the market is currently trading.

Edwards states that the Energy Value of Bitcoin has reached 130,000 USD, especially after a year since the most recent halving event.

With the current price of BTC around 93,000 USD, this 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 USD. One year after halving, BTC is still trading at an extremely large discount."