Capriole: Bitcoin Should Be $130K
The post Capriole: Bitcoin Should Be $130K appeared on BitcoinEthereumNews.com.
Key Notes Bitcoin is trading 40% below its fair value based on joules of energy input alone. ARK Invest predicts that Bitcoin could go up to the $2.4 million price tag by the end of 2030. The US Fed has officially removed the restriction on US banks regarding Bitcoin offerings. 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’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 Reserve officially withdrew its 2022 and 2023 guidance that restricted banks’ crypto-related activities, including the requirement for pre-approval for crypto services. Now, banks are free to engage in crypto under standard supervisory processes. With regulatory friction finally easing, especially in the world’s largest economy, Bitcoin’s path to institutional adoption just got a lot smoother. Banks are now free to begin supporting Bitcoin. https://t.co/mw7KjqJbQr — Michael Saylor (@saylor) April 24, 2025 The removal of red tape could invite US banks to re-enter or expand crypto offerings, including custody, dollar token infrastructure, and direct Bitcoin holdings, boosting both legitimacy and liquidity. Bitcoin (BTC) Price Analysis Bitcoin is hovering around $93,717, just above a key Fibonacci level and near…
Filed under: News - @ April 25, 2025 1:30 pm