John Gillen speaks with Capriole Investments founder Charles Edwards about Bitcoin’s historic short squeeze, accelerating institutional demand, and the technical levels shaping his bullish bias. Edwards views $70,000 as the key level to hold, while warning that elevated derivatives positioning could become a risk if price momentum stalls.
Edwards argues that a decisive new all-time high likely requires tangible follow-through: official U.S. Bitcoin purchases, stronger Treasury liquidity measures, or a credible Bitcoin Core roadmap for quantum-computing risk. He also assesses the outlook for altcoins and explains why AI may support crypto payment rails over time while increasing near-term security risks across wallets, bridges, and DeFi protocols.