Key takeaways:
Data suggests that Bitcoin currently trades at a 40% discount.
Over 36,000 Bitcoin were withdrawn from Coinbase and Binance on April 25.
Bitcoin’s fractal pattern from Q4 2024 could propel prices above $100,000 in April.
Bitcoin (BTC) is currently trading at a 40% discount to its intrinsic value, according to Capriole Investments founder Charles Edwards.
In a recent post on X, Edwards highlighted that since the April 2024 halving, which reduced block rewards to 3.125 BTC, Bitcoin’s energy value—an estimate based on mining costs and energy consumption—stands at $130,000.
Bitcoin’s intrinsic value based on energy consumption, and market price. Source: X.com
