Bitcoin Energy Value metric says 'fair' BTC price is as much as $167K
- Bitcoin is currently undervalued by 31% compared to its energy-based "fair" price.
- The Energy Value metric suggests Bitcoin should be trading at nearly $170,000. #BTC $BTC
- Bitcoin's current price is significantly lower than its energy value, more so than when it last surpassed $10,000 in September 2020.
- According to Charles Edwards, founder of Capriole Investments, Bitcoin's true value is approximately 45% higher than its current price of $116,000. #BTC🔥🔥🔥🔥🔥
- Bitcoin miners play a crucial role in the potential for a significant increase in Bitcoin's price.$BTC