According to the Energy Value metric, Bitcoin is undervalued by approximately 31% compared to its “fair value” based on mining energy costs .
Intriguingly, Bitcoin's correlation with the stock market stands at 80%, raising the possibility of $118K–$120K price swings if equities shift direction .
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According to the Energy Value metric, Bitcoin is undervalued by approximately 31% compared to its “fair value” based on mining energy costs .
Intriguingly, Bitcoin's correlation with the stock market stands at 80%, raising the possibility of $118K–$120K price swings if equities shift direction .