Charles Edwards is a systematic macro investor, founder and Chief Investment Officer of Capriole Investments, a quantitative digital asset fund. He is widely recognized in the cryptocurrency industry for creating several influential on-chain analysis models for Bitcoin, including Hash Ribbons and the Bitcoin Production Cost model. ^{[1] [3] [4]}

Education

Charles Edwards completed postgraduate studies in finance management at Copenhagen Business School from 2013 to 2014, following a master’s degree in finance management at the University of Melbourne between 2012 and 2013. He earned a bachelor’s degree in civil engineering from the University of Melbourne, where he studied from 2008 to 2011, and also undertook civil engineering studies at University College London in 2011. He completed his secondary education at Melbourne Grammar School, attending from 1998 to 2007. ^[3]

Career

Charles Edwards is the founder of Capriole Investments, established in 2019 and based in the Cayman Islands. In this role, he oversees a systematic macro investment firm focused on Bitcoin and digital assets. His work centers on the development and operation of quantitative and macroeconomic models that inform directional trading strategies across digital and broader macro asset classes within an institutional risk and custody framework.

Prior to founding Capriole Investments, Edwards worked at Accenture, following its acquisition of Australian management consultancy GRA. He progressed from Consultant (2015–2017) to Senior Consultant (2017–2018) and later Manager (2018–2019) in Melbourne. His responsibilities included advising clients across sectors such as retail, telecommunications, automotive, and government on strategy, operations, forecasting, and supply chain planning, including the development of data-driven planning and analytics applications.

Earlier in his career, Edwards worked as a civil engineer at CPB (formerly Leighton Contractors) from 2014 to 2015 in Melbourne. He also completed a civil design internship at Golder Associates in 2012–2013, contributing to engineering and infrastructure-related projects during his early professional training. ^{[1] [3] [4]}

Media Appearances

On October 20, 2025, Edwards appeared on CNBC Television to discuss a market trend he identified involving the growth of corporate and institutional digital asset treasuries. During the segment, he analyzed the market effects of companies holding significant amounts of crypto-assets like Bitcoin on their balance sheets and commented on the potential for a "digital asset treasury bubble" to form as a result of this increasing trend. ^[2]​

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