Capriole Founder Says Bitcoin’s ‘Energy Value’ Puts Price at $167.8K
Bitcoin is trading at a steep discount to its “energy value,” a proprietary metric from Capriole Investments that places the cryptocurrency’s fair value at up to $167,800, according to the firm’s founder, Charles Edwards. Key Takeaways: Capriole’s Energy Value metric estimates Bitcoin’s fair value at up to $167,800. The model links Bitcoin’s valuation to mining…
