Bitcoin Still Trading 40% Under Its ‘Energy Value’: What It Means
The Capriole Investments founder has pointed out how Bitcoin is still at a 40% discount compared to its Energy Value. Here’s what this could mean. Bitcoin Energy Value Is Situated Around $130,000 Right Now In a new post on X, Capriole Investments founder Charles Edwards has shared how the Energy Value of Bitcoin is looking […]
Related News
In physics, the definition of "energy" is "that which allows work to be done." This means that money is energy, since it can be used to do work via payments to people. The energy in money can be thought of as "economic energy". Economists call economic energy "price" and measure it in terms of "euros" or "Kenyan shillings" and so on. But, these units are abstract because their quantity changes over time. Physicists would prefer to use units such as joules or kilowatt-hours, which have a concrete basis in physical realities of mass....
The criticism that bitcoin has no “intrinsic value” is a misunderstanding of the very term. In fact, Bitcoin is intrinsic value.
Peer-to-peer (P2P) power trading presents a promising use case for blockchain technology and supports transactive energy, according to a report from Navigant Research. Owners of distributed energy resources will be the first stakeholders. Blockchain technology could provide a new model for transactive energy, which refers to the economic and control techniques used to manage the flow or exchange of energy within an existing power system. The report examines the requirements for an energy blockchain, offering case studies, recommendations and implementation challenges for the energy....
BAS founder Arash Azami says Bitcoin connects perfectly with his company's philosophy. Dutch energy supplier BAS Nederland allows it customers to pay using Bitcoins. BAS Nederland will be the first energy company around the world to offer this possibility. Founder Arash Aazami says that Bitcoin connects with the company's filosofy to reduce our dependence of old, limiting systems. Connects perfectly with Bitcoin. BAS stands for 'Beneficial to All Stakeholders'. The company aims to help its customers to progress towards complete independence of parties' energy. They see energy as a basic....
JPMorgan’s long-term theoretical target for Bitcoin stands at $150,000, up from $146,000 forecasted in January 2021. Amid Bitcoin (BTC) posting a significant price recovery since early February, JPMorgan analysts suggested that the “fair value” of BTC is actually lower than its market price on Tuesday.The current fair-value level for BTC is around $38,000, JPMorgan strategists said in the bank’s latest investor note published on Tuesday. Led by JPMorgan crypto market analyst Nikolaos Panigirtzoglou, the strategists estimated the “fair value” based on Bitcoin being nearly four times as....