Charles Edwards, X Hall of Flame

Crypto on-chain analyst Charles Edwards, the co-founder of the digital belongings hedge fund Capriole Investments, believes now’s the right time to get “some allocation” into altcoins.

However he says you most likely shouldn’t maintain onto them for too lengthy.

“If it is a regular four-year cycle, which thus far has been taking part in out like a textbook just like the earlier cycles, we are able to count on that Bitcoin will most likely prime both later this yr or subsequent yr,” the Australian-based crypto analyst tells Corridor of Flame.

“If that occurs, and when Bitcoin does enter a bear market prefer it has completed prior to now, you positively don’t wish to be holding altcoins from mid-2025 onward,” Edwards declares in an authoritative tone just like the one he makes use of along with his 104,200 X followers.

“I feel that that is the 12-month window you wish to personal them. Not every other years. In all probability in no way in 2026 or 2027.”

In earlier bear markets, altcoins have suffered a lot bigger drawdowns in comparison with Bitcoin.

“It is determined by Bitcoin, as [if there is] any form of main pullback, clearly altcoins are gonna get destroyed. So at any time when Bitcoin is down massively, altcoins go down way more,” he explains.

However Edwards performs satan’s advocate along with his personal prediction, noting that issues “could possibly be totally different” this cycle as a result of United States Securities and Trade Fee (SEC) approving spot Bitcoin ETFs in the beginning of this yr. It’s attainable there gained’t be an altseason.

“We don’t have something for altcoins or Ethereum that could possibly be a driving issue. Like if nearly all of the flows and demand this cycle is institutional, then perhaps altcoins don’t see the identical development,” he says.

How did Charles Edwards get in style on Twitter/X?

When Edwards isn’t busy working his hedge fund, he spends time engaged on technical evaluation about Bitcoin’s value, and recognizing traits, which he posts about on X.

“I suppose I observed the facility of Twitter and social media again in 2019, most likely through the first six months once I began working,” he says, of a interval when the Bitcoin value was round $8,000.

“This was simply writing a whole lot of articles and making an attempt to share as a lot analysis as I might and Bitcoin-related methods on Medium, TradingView and Twitter,” he provides.

Edwards felt like he was getting “right into a little bit of a rhythm” with constant posting throughout an “thrilling development stage” as his account grew from “zero to 10,000” followers, and admits he grew to become a bit lazier after that.

“From there, I used to be most likely not as constant as I might have been,” he laughs.

Constant or not, Edwards should’ve posted sufficient fascinating content material to rack up over 100K followers.

“I feel should you continuously put up good high quality content material and be constant in your space and maintain doing that you just’ll most likely develop as a result of it doesn’t matter what nature is that if it’s crypto or anything, there’s gonna be different individuals .”

What kind of crypto analysis content material does Charles Edwards produce?

Edwards primarily analyzes all issues Bitcoin — from value actions and ETF inflows to issues like the price of electrical energy per Bitcoin.

“Many of the content material revolves round valuation metrics and figuring out when Bitcoin is over or undervalued, with the remainder a little bit of technical evaluation associated,” he says.

He additionally posts content material on altcoins now and again for individuals who have an interest.

Edwards discusses the macro market situations occasionally, though he believes that the crypto neighborhood “typically finds it boring and it doesn’t get a lot engagement.”

Regardless, Edwards believes macro performs an enormous function in Bitcoin markets and plans to maintain doing it.

“It’s a large driver of what occurs within the Bitcoin ecosystem as effectively. So I discover that knowledge actually fascinating,” he says.

Who does Charles Edwards comply with on Crypto Twitter?

Edwards is a fan of a number of crypto accounts within the area, primarily those who equally decide aside the market and determine rising traits in Bitcoin and different altcoins.

Crypto on-chain analyst Willy Woo and memecoin analyst Murad are two particularly.

Other than Woo, for on-chain evaluation, Edwards is a fan of Reflexivity Analysis co-founder Will Clemente and fellow Australian analyst James Test, aka “Checkmatey.”

For technical evaluation, Edwards believes that pseudonymous crypto dealer DonAlt “might be the perfect within the area.”

Charles Edwards’ Bitcoin value prediction

Edwards believes that the “two or three-month window” after the April Bitcoin halving is usually fairly risky, however he has a constructive outlook for Bitcoin holders when contemplating the subsequent twelve months as an entire.

“Zooming out the subsequent twelve months minus just a few days, the halving is often the perfect risk-reward interval for Bitcoin when it comes to you often get robust constructive traits with very restricted drawdowns,” he explains.

“So base case expectation over the subsequent yr for me is a superb returning interval for Bitcoin,” he predicts.

Two months earlier than the April Bitcoin halving occasion, he advised his followers on X that if the returns matched these following the 2020 halving, Bitcoin might hit $280,000 subsequent yr.

Edwards is not sure whether or not it is going to be “straight up or consolidation and straight up,” however both approach, these holding for the subsequent 12 months are “most likely going to do very effectively.”

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Ciaran Lyons

Ciaran Lyons is an Australian crypto journalist. He is additionally a standup comic and has been a radio and TV presenter on Triple J, SBS and The Mission.