Crypto analyst and founder of Capriole Investments, Charles Edwards, has asserted that Bitcoin’s current market price is significantly undervalued due to a valuation model known as the Bitcoin Energy Value. This model estimates Bitcoin’s intrinsic value based on the raw joules used in mining network electricity. 40% of its current market price ($94,000) reflects this undervaluation. 40%, according to Edwards’ tweet highlighting his observation alongside a chart of Bitcoin’s price against his model’s energy value, is now apparent as the price of Bitcoin has broken through previous resistance levels and reached new highs since early February. This comes one year after Bitcoin’s fourth halving event, which is known for tightening supply and often leads to bull runs. Edwards believes this undervaluation provides a favorable opportunity for investors interested in Bitcoin’s long-term growth.