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Charles Edwards, founder of Capriole Investments, discussed the current state of Bitcoin (BTC), his predictions for 2026, and the biggest risks facing the market during a live broadcast.
Edwards stated that Bitcoin is in a “zone of value” according to historical data, while warning investors about the quantum computing threat and institutional cash flows.
Speaking about the overall market situation on the broadcast, Edwards said that investors constantly trying to find the “bottom” is a flawed strategy. Analyzing Bitcoin’s current price movements, the expert stated, “We can say that the price is closer to the bottom than the top. We are in a deep value zone, but this doesn’t mean the price will rise immediately.”
Edwards, drawing attention to “Cost of Production” data based on mining costs, stated that the $50,000-$60,000 range represents a strong support and value area for Bitcoin.
One of the most striking parts of the broadcast was the discussion of “quantum risk” regarding Bitcoin’s future. Edwards stated that Bitcoin core developers haven’t taken this issue seriously enough. He reminded viewers that individuals/institutions like Kevin O’Leary and VanEck have limited or withdrawn their Bitcoin allocations due to quantum uncertainty.
Despite the Ethereum Foundation making quantum security its number one priority, he expressed surprise that Bitcoin wasn’t even among its top 100 priorities.
He argued that until this risk is resolved, it may be difficult for Bitcoin to reach new all-time highs (ATH), but concrete steps towards a solution would quickly push the price upwards.
Edwards pointed out that the correlation between gold and Bitcoin has recently broken down. Referring to ratios showing gold’s performance against the S&P 500, he stated that gold is still in its early stages and could perform much better against stocks in the coming years.
Regarding global liquidity, he stated that Trump-era policies and potential Fed interest rate cuts created “a perfect backdrop” for risky assets, but that a rise in oil prices above $100 would signal danger for equity markets.
Edwards argues that the nearly 200 “Bitcoin treasury companies” (publicly traded companies holding Bitcoin) in the market are unsustainable, predicting that these companies will eventually consolidate or go bankrupt. He notes that while companies like MicroStrategy’s strategy of buying Bitcoin through borrowing might create leverage in the short term, they will eventually have to evolve their business models towards “banking/lending” in the long run.
*This is not investment advice.