Bitcoin Energy Value metric says ‘fair’ BTC price is as much as $167K

Bitcoin’s energy-based “fair value” sits at $167K, 45% above its current price, as record hash rate data shows BTC trading at a deep 31% discount.

Key points:

Bitcoin is heavily undervalued vs its “fair” price based on miner output.

The Energy Value metric calculates that BTC should be trading at almost $170,000.

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