History Says That Bitcoin Is an Unbelievable Bargain Right Now

• BTC-USD
• NVDA

On the basis of its price right now relative to where it was at the same point in its prior four-year market cycles, Bitcoin (CRYPTO: BTC) looks pretty cheap, with a price of $77,155 as of Sept. 1, 38% below its last all-time high near $126,080, which was set in October 2025.

Of course, Bitcoin “cycle theory” isn’t an empirically proven law, but it can be a useful framework for understanding the coin’s behavior relative to past periods. If we take that caveat in stride, there’s reason to believe decent returns await those who buy it now, so let’s examine the case for it being priced at a bargain.

Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a “Double Down” signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same “Total Conviction” signal is flashing for a company 1/100th the size of Nvidia. Continue »

Miners capitulated like they always do, and they aren’t back yet

Bitcoin miners are businesses that lend their computing power to the network to produce new coins by essentially burning electricity on difficult calculations.

When the coin’s price drops below its production cost, such as during a bear market, the least efficient miners have to capitulate and shut down their rigs to stop operating at a loss, and the network’s total computing power, called the hash rate, declines. If the hash rate declines by too much, it takes longer for each new block to be mined, which triggers an automatic downward adjustment to the protocol’s mining difficulty. Then, when mining becomes a bit easier again, the recently discouraged operators can return, as they’re more likely to be profitable with a lower mining difficulty, and more Bitcoin is subsequently produced.

Therefore, one useful way to determine whether the coin is underpriced or overpriced is to look at the average hash rate across different intervals, as a declining hash rate suggests the network will need to self-correct, which is most likely to occur when the coin’s price is lowest.

Source: <a href="https://finance.yahoo.com/markets/crypto/articles/history-says-bitcoin-unbelievable-bargain-125000098.html” target=”_blank” rel=”nofollow noopener”>finance.yahoo.com