• Charles Edwards of Capriole Investments shared his Bitcoin theses for 2023, noting that the market is in a great position for long-term investors.
• Many key metrics such as the housing market have come back from their bearish range, and the Fed may pivot from raising rates.
• Edwards concluded that this provides a great opportunity for long-term crypto investors.
Charles Edwards of Capriole Investments recently shared his Bitcoin theses for 2023, noting that the current market has put investors in a great position to take advantage of long-term opportunities. After looking back on the past few months, Edwards noted that almost every sentiment metric imaginable fell into the „biggest or second-biggest bearish“ range in macro, equities, and crypto. He pointed out that many people were predicting a recession, and while the risk of one still exists, many key metrics have come back quite a bit, with the housing market leading the way.
In addition, Edwards noted that every time inflation peaked above 5% and then fell by more than 20%, the U.S. central bank has pivoted. This observation holds true for the last 60 years, leading Edwards to predict that the Fed will likely stop raising rates or reducing rates. He concluded that this deep value situation in crypto sets up a great opportunity for long-term investors.
This may be the perfect time for crypto investors to take advantage of the market, as the current conditions offer great entry points for those looking to invest in Bitcoin. With the Fed potentially pivoting, the market could be poised to make a strong move in the coming months. For those looking to invest in the long-term, now may be the time to take advantage of the current conditions.