Bitcoin Trades At 40% Discount As ‘Triple Put’ Unfolds: Hedge Fund Founder
Bitcoin is currently trading nearly 40% below its modeled “energy value,” yet indicators suggest a potential market turnaround. Charles Edwards of Capriole Investments notes a “Triple Put” from the White House, Federal Reserve, and US Treasury, altering risk profiles for assets. Investor sentiment is extremely bearish, with indicators like the American Association of Individual Investors’ bull-bear spread reflecting pessimism akin to past market lows. Bitcoin recently reclaimed a significant price range, and the Bitcoin Macro Index has turned bullish after months of neutrality. Policy shifts, including tariff adjustments and reduced quantitative tightening by the Fed, provide additional support. Bitcoin's energy value has risen above $130,000, indicating substantial undervaluation. Edwards acknowledges risks but maintains an optimistic outlook, suggesting that if Bitcoin holds above $91,000, new all-time highs could be on the horizon. Current trading price is $93,723.
