根据此模型，比特币（BTC）可能被低估了40％

Capriole Investments的创始人查尔斯·爱德华兹（Charles Edwards）表示，比特币（BTC）可能会以其真实价值的高价交易。

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的创始人查尔斯·爱德华兹（Charles Edwards）声称，根据他的高级能源价值模型，比特币（BTC）可能被惊人的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（以前为Twitter）上的分析中，爱德华兹（Edwards）深入研究了他的专有模型，目前估计比特币的内在价值为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，旗舰加密货币目前以94,000美元的价格进行交易，这表明如果模型的预测成立，则具有很大的升值潜力。

Bitcoin Energy Value Model: A Unique Perspective

比特币能量价值模型：独特的视角

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.

由爱德华兹开发的比特币能量价值模型基于比特币挖掘网络的总能源消耗，以估计加密货币的真实价值。

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.

该模型以这样的前提运行，即用来确保比特币网络的焦耳的能量量可以作为定价加密货币的基础。

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

它从本质上将比特币的经济价值与其物理生产成本联系起来，从而整合了基于能源的经济理论的原则。

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.

如果要相信该模型，那么BTC还有很长的路要走。在一个有趣的加密整合期间，“隐含40％被低估”可能是长期投资者的一个好入口。

Energy-Based Valuation in a Changing Landscape

不断变化的景观中的能量估值

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

尽管没有估值模型提供了万无一失的预测，但基于能量的方法为比特币的潜在价格变动提供了独特的观点。

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.

随着采矿比特币的价格继续上涨，对加密货币的机构兴趣标志着新的多元化机会，能量价值模型为加密货币的真正价值提供了数据支持的镜头。

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.

只有时间会证明比特币是否会缩小此估值差距。但是，爱德华兹的分析有助于在加密市场有趣的时期对比特币基本面的讨论。