根據此模型，比特幣（BTC）可能被低估了40％

Capriole Investments的創始人查爾斯·愛德華茲（Charles Edwards）表示，比特幣（BTC）可能會以其真實價值的高價交易。

Charles Edwards, founder of Capriole Investments, claims that Bitcoin (BTC) could be undervalued by a staggering 40% according to his advanced Energy Value model.

Capriole Investments的創始人查爾斯·愛德華茲（Charles Edwards）聲稱，根據他的高級能源價值模型，比特幣（BTC）可能被驚人的40％低估。

In a recent analysis shared on X (formerly Twitter), Edwards delves into his proprietary model, which currently estimates Bitcoin’s intrinsic worth at $130,000.

在最近在X（以前為Twitter）上的分析中，愛德華茲（Edwards）深入研究了他的專有模型，目前估計比特幣的內在價值為130,000美元。

However, the flagship cryptocurrency is currently trading at a price of $94,000, suggesting substantial potential for appreciation if the model’s predictions hold.

但是，旗艦加密貨幣目前以94,000美元的價格進行交易，這表明如果模型的預測成立，則具有很大的升值潛力。

Bitcoin Energy Value Model: A Unique Perspective

比特幣能量價值模型：獨特的視角

The Bitcoin Energy Value model, developed by Edwards, is based on the total energy consumption of the Bitcoin mining network to estimate the cryptocurrency’s true value.

由愛德華茲開發的比特幣能量價值模型基於比特幣挖掘網絡的總能源消耗，以估計加密貨幣的真實價值。

This model operates on the premise that the amount of energy, measured in joules, used to secure the Bitcoin network can serve as a basis for pricing the cryptocurrency.

該模型以這樣的前提運行，即用來確保比特幣網絡的焦耳的能量量可以作為定價加密貨幣的基礎。

It essentially links Bitcoin’s economic value to its physical cost of production, integrating principles from energy-based economic theories.

它從本質上將比特幣的經濟價值與其物理生產成本聯繫起來，從而整合了基於能源的經濟理論的原則。

If the model is to be believed, then BTC still has a long way to go. An "implied 40% undervalued," could be a good entry point for a long-term investor in an interesting crypto consolidation period.

如果要相信該模型，那麼BTC還有很長的路要走。在一個有趣的加密整合期間，“隱含40％被低估”可能是長期投資者的一個好入口。

Energy-Based Valuation in a Changing Landscape

不斷變化的景觀中的能量估值

While no valuation model offers foolproof predictions, the energy-based approach offers a unique perspective on Bitcoin’s potential price movements.

儘管沒有估值模型提供了萬無一失的預測，但基於能量的方法為比特幣的潛在價格變動提供了獨特的觀點。

As the price of mining Bitcoin continues to rise and institutional interest in crypto signals new opportunities for diversification, the Energy Value model provides a data-backed lens into the cryptocurrency’s true worth.

隨著採礦比特幣的價格繼續上漲，對加密貨幣的機構興趣標誌著新的多元化機會，能量價值模型為加密貨幣的真正價值提供了數據支持的鏡頭。

Only time will tell whether Bitcoin will close this valuation gap. However, Edwards’ analysis contributes to the discussion on Bitcoin’s fundamentals in an interesting time for the crypto market.

只有時間會證明比特幣是否會縮小此估值差距。但是，愛德華茲的分析有助於在加密市場有趣的時期對比特幣基本面的討論。