m.moerman58

True Bitcoin Value USD - Mario M

m.moerman58 Updated   
The average mining costs of one bitcoin equals to the true intrinsic value

Globally, the Bitcoin network uses around 0.5% of the world’s electrical power supply.

The sheer amount of electrical power and complex hardware required to operate a mining farm has intrinsic value.
This gives bitcoin a fundamental cost to create, and thus intrinsic value.
Release Notes:
No Drawings
Release Notes:
Update 01/2023
Release Notes:
Update 02/2023
Release Notes:
No Drawings
Release Notes:
*Weekly update instead of monthly*
Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

Want to use this script on a chart?