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.
💸 True Value = Close Price + Accumulated Dividends
◆ Using only the time displayed on screen of the chart, the script will calculate the True Value of the symbol. (Calculations start from first bar you can see to the last bar you can see.)
Why do you need the true value?
Anytime an asset pays a dividend the current market price doesn't reflect the actual...