Charles Edwards, cryptocurrency on-chain analyst and co-founder of digital asset hedge fund Capriole Investments, believes now is the perfect time to make “some allocation” to altcoins.
But he says you shouldn’t hold on to it for too long.
“In a normal four-year cycle, which has been going as textbook as previous cycles so far, we would expect Bitcoin to peak perhaps late this year or next year,” says the Australia-based cryptocurrency analyst. Hall of Flame.
“If that happens and Bitcoin enters a bear market like it has in the past, I wouldn’t want to be holding any altcoins from mid-2025 onwards,” Edwards declares in a similar authoritative tone to the one he uses. He has 104,200 followers.
“I think this is the 12-month period you want to own it. Not any other year. Probably not at all in 2026 or 2027.”
In previous bear markets, altcoins suffered much larger losses compared to Bitcoin.
“It depends on Bitcoin. If there is any kind of big drop, it will definitely destroy altcoins. So whenever Bitcoin falls significantly, altcoins fall even more,” he explains.
However, Edwards played devil’s advocate with his prediction, noting that things “could be different” this cycle since the U.S. Securities and Exchange Commission (SEC) approved a spot Bitcoin ETF earlier this year. There may not be an alt season.
“We don’t have any altcoins or Ethereum that could be a driving factor. If most of the flow and demand in this cycle is institutional, altcoins may not see the same growth,” he says.
How did Charles Edwards become popular on Twitter/X?
When Edwards is not busy running his hedge fund, he spends his time doing technical analysis of the price of Bitcoin and spotting trends, posting on X.
“I think I felt the power of Twitter and social media in 2019, probably in the first six months of my job,” he said of a time when Bitcoin was around $8,000.
“This is just a matter of writing a lot of articles and trying to share as much Bitcoin-related strategies and research as possible on Medium, TradingView, and Twitter,” he adds.
Edwards admits that as his account grew from “zero to 10,000” followers, he felt he was “getting into a bit of a rhythm” with consistent posting during an “exciting growth phase”, after which he became a little more lazy.
“From then on I’ve probably been inconsistent,” he laughs.
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Consistently or not, Edwards must have been posting enough interesting content to garner over 100,000 followers.
“I think if you post good quality content often and are consistent in that area and keep doing that, it’s probably going to grow because it doesn’t matter what nature is, whether it’s cryptocurrency or something else. “Other people will be interested.”
What type of cryptocurrency research content does Charles Edwards produce?
Edwards primarily analyzes everything about Bitcoin, from price movements and ETF inflows to the cost of electricity per Bitcoin.
“Most of the content is centered around valuation metrics, identifying when Bitcoin is overvalued or undervalued, and the rest involves a bit of technical analysis,” he says.
He also occasionally posts content about altcoins for those who are interested.
Although Edwards occasionally discusses macro market conditions, he believes the cryptocurrency community “often gets bored and doesn’t get a lot of engagement.”
Nonetheless, Edwards believes macro has a big role to play in the Bitcoin market and plans to continue doing so.
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“This is a big driver of what’s happening in the Bitcoin ecosystem as well. So I think that data is really interesting,” he says.
Who does Charles Edwards follow on Crypto Twitter?
Edwards is a fan of several cryptocurrency accounts in this space. He mainly analyzes the market in a similar way and the account identifies new trends in Bitcoin and other altcoins.
Two people in particular are cryptocurrency on-chain analyst Willy Woo and Memecoin analyst Murad.
In addition to Woo, when it comes to on-chain analysis, Edwards is a fan of Reflexivity Research co-founder Will Clemente and fellow Australian analyst James Check (aka “Checkmatey”).
For technical analysis, Edwards believes anonymous cryptocurrency trader DonAlt is “probably the best in the business.”
Charles Edwards’ Bitcoin Price Prediction
Edwards believes the “two to three month period” following the Bitcoin halving in April is generally very volatile, but he has a positive outlook for Bitcoin holders when considering the next 12 months as a whole.
“If you zoom out to the next 365 days minus a few days, this is generally the best risk-reward period for Bitcoin. Typically, you get a strong positive trend with very limited downside,” he explains.
“So for me, the base case expectation for next year is a great comeback period for Bitcoin,” he predicts.
Two months before the Bitcoin halving event in April, he told X’s followers that Bitcoin could reach $280,000 next year if returns match those after the 2020 halving.
Edwards isn’t sure whether this will be done “in a direct way or in an integrated and integrated way. But either way, those who hold on to it over the next 12 months will “probably do very well.”
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Ciaran Lyon
Ciaran Lyons is an Australian cryptocurrency journalist. He is also a stand-up comedian and radio and TV presenter for Triple J, SBS and The Project.