Founder of Capriole Investments: Quantum Computing Roadmap Could Spark Bitcoin Rally

According to ME News, on October 15 (UTC+8), Charles Edwards, founder of Capriole Investments, said in an interview with Bitcoin Magazine that for Bitcoin to surpass its all-time high, a substantial change is needed—possible catalysts include meaningful progress in quantum computing, a shift in Federal Reserve policy, direct purchases of Bitcoin by the U.S. government, or a new round of stimulus measures. He also noted that institutional buying through ETFs continues to provide strong support to the market.

Edwards noted that AI-driven unemployment could alter the Federal Reserve’s policy path, thereby influencing Bitcoin’s price movement; the sustained increase in hash rate presents a bullish signal on the Hash Ribbons indicator, and he explored whether this hash rate cycle differs in the AI era. Additionally, he assessed whether Bitcoin remains undervalued through the lens of production costs, energy value, and MVRV, and discussed Bitcoin’s position in uncharted territory amid global liquidity and a 5% interest rate environment.

In the quantum computing section, Edwards believes that a clear quantum computing roadmap could instead act as a bullish catalyst for Bitcoin, while also discussing the cryptographic security risks posed by AI superintelligence and the factors that might trigger Bitcoin's next all-time high. (Source: ChainCatcher)