Crypto on-chain analyst Charles Edwards, the co-founder of the digital assets hedge fund Capriole Investments, believes now is the perfect time to get “some allocation” into altcoins.
But he says you probably shouldn’t hold onto them for too long.
“If this is a normal four-year cycle, which so far has been playing out like a textbook like the previous cycles, we can expect that Bitcoin will probably top either later this year or next year,” the Australian-based crypto analyst tells Hall of Flame.
“If that happens, and when Bitcoin does enter a bear market like it has done in the past, you definitely don’t want to be holding altcoins from mid-2025 onward,” Edwards declares in an authoritative tone similar to the one he uses with his 104,200 X followers.
“I think that this is the 12-month window you want to own them. Not any other years. Probably not at all in 2026 or 2027.”
In previous bear markets, altcoins have suffered much larger drawdowns compared to Bitcoin.
“It depends on Bitcoin, as [if there is] any kind of major pullback, obviously altcoins are gonna get destroyed. So whenever Bitcoin is down massively, altcoins go down much more,” he explains.
But Edwards plays devil’s advocate with his own prediction, noting that things “could be different” this cycle due to the United States Securities and Exchange Commission (SEC) approving spot Bitcoin ETFs at the start of this year. It’s possible there won’t be an altseason.
“We don’t have anything for altcoins or Ethereum that could be a driving factor. Like if the majority of the flows and demand this cycle is institutional, then maybe altcoins don’t see the same growth,” he says.
How did Charles Edwards get popular on Twitter/X?
When Edwards isn’t busy running his hedge fund, he spends time working on technical analysis about Bitcoin’s price, and spotting trends, which he posts about on X.
“I suppose I noticed the power of Twitter and social media back in…
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