“The fair value of bitcoin is $ 167,800, says Capriole Investments founder Charles Edwards. According to it, the asset is trading 45% below the level of its “energy value”. Hash Rates Are Flying and Bitcoin Energy Value Just Hit $ 145k. That puts price at a 31% Discount to Value. We are trading at a Deeper Discount to Value Today at […]”, – WRITE: Businessua.com.ua
The fair value of bitcoin is $ 167,800, says Capriole Investments founder Charles Edwards. According to his calculations, the asset is trading 45% below the level of its “Energy value”.
Hash Rates Are Flying and Bitcoin Energy Value Just Hit $ 145k. That puts price at a 31% Discount to Value. We are trading at a deeper Discount to Value Today at $ 116k, Than Who Bitcoin Was at $ 10k in September 2020.
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– Charles Edwards (@Caprioleio) August 8, 2025
The researcher uses the Energy Value metric, which its company developed in 2019. It defines the fair value of bitcoin as a function of the amount of energy spent, the growth rate of the supply and the constant coefficient that reflects its value in dollars.
According to Glassnode, the holder of the first cryptocurrency network reached a record level of 1,031 zh/s. High computing capacity indicates the activity of miners.
“Hashrait has taken off, and the average value of the energy value of Bitcoin has just reached $ 145,000,” Edwards wrote.
He added that this indicates a price discount of 31% relative to the average value. Edwards stressed that the current $ 116,000 price discount was significant than it was in September 2020, when Bitcoin cost $ 10,000.
According to Capriole theory, price rise in stimulates to increase investments. This increases the hashrait and, accordingly, the “energy value” of bitcoin.
However, if the market price increases only by speculation without a proper increase in energy consumption, historically, it has always returned to the level of its “energy value”.
Recall that the analyst and co -founder of Fundstrat Tom Lee believes that despite the cautious forecasts of some experts, bitcoin can reach $ 250,000 as early as 2025.
Institutional demand for bitcoin has three times exceeded the issue
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