Capriole Fund founder caprioleio told horushughes that even though Bitcoin price could drop lower, a “trifecta of positives” and on-chain data suggest that BTC is undervalued.
Bears simply refuse to release their vice grip on the market and the Federal Reserve’s policy of, Capriole Fund founder Charles Edwards explained why he is still bullish on Bitcoin.“I see incredible deep value and I kind of call it a trifecta and that we have three positive things happening in my mind. One is cycle timing, where between years two and three, which historically has been where all of the Bitcoin cycles are bottomed. The second is that we've hit 90% of normal cycle down draws.
When asked about his thoughts on the previous Bitcoin halving and how the current economic environment might impact the next halving, Edwards said: “I think it was successful because it placed Bitcoin as one of the hardest assets in the world in the midst of massive monetary printing. And we did see a lot of the old school traditional finance, legendary investors, Druckenmiller, etc. kind of get into Bitcoin because of that as it's kind of a hedge more or less. And that kind of triggered the next 6 to 12 months of rallying. I also think that the crypto industry still does run on the Bitcoin halving cycle kind of time frame. For now.
2022 has proved that risk management and building a balanced portfolio is still a skillset crypto investors are working to develop. Edwards said: “Whatever your method is, however you are trading or investing, whether using stop losses or not as a strategy. You need to do some detailed modeling over as much data as you can and not just two years of data, because that's how entities have blown up in the past. Do as much as you can, like 10 years of Bitcoin at least, and assume the worst and then add again an element of buffer below that to manage your position sizing.”Disclaimer.
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