Coinspeaker
Capriole’s Charles Edwards Says Bitcoin Should Be Trading Near $130K

Charles Edwards, founder of Capriole Investments, believes the current market is grossly undervaluing Bitcoin after a brief but powerful rally from $80,000 to nearly $94,000 in April.

According to Edwards’ Energy Value indicator, which calculates BTC ($94,054.00)’s fair value based on joules of energy input alone, Bitcoin should be trading near $130,000, not under $94,000.

Bitcoin Energy Value is at $130K. We are one year post Halving and Bitcoin is trading at a whopping 40% discount to its intrinsic value. pic.twitter.com/kbqTgTPp5d

— Charles Edwards (@caprioleio) April 25, 2025

Complementing this, data from MacroMicro shows the average cost to mine a single Bitcoin now sits at $96,000, placing current prices at a minor discount.

US Fed’s Major Announcement

Adding fuel to this already bullish setup is a game-changing announcement from the US Federal Reserve.

The Federal...