【Opinion】Capriole founder and analyst Charles Edwards has brought out his energy value model: based on miners’ electricity consumption, the model values BTC at about $131,057. With the current price near $83,000, BTC is roughly 36% below the model value; closing that gap would mean about 57% upside—but this is a model target, not a promise. The trigger was Elon Musk saying that future currencies would be priced in watts and tonnage, but he never mentioned Bitcoin. BTC matches the energy part, but not the mass part. Can this model really identify undervaluation, or is this another story stitched together after the fact? What’s your take: comment 1 if you believe in energy-based valuation, 2 if you think it’s just concept-hopping.
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(Source: BeInCrypto/Capriole)
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