Is Bitcoin Undervalued? What Elon Musk’s Energy Money Idea and Hashrate Data Show

Elon Musk said in an interview with biographer Walter Isaacson on The Builders podcast, taped in early August and released October 20, that future currency would be measured in physics metrics such as wattage and tonnage rather than dollars. Musk did not mention Bitcoin. Charles Edwards, founder of Capriole Investments, responded that Bitcoin already works this way and trades about 36% below its energy-based value, with BTC near $83,264 against an Energy Value of $131,057; closing that gap would require a gain of about 57%.