Charles Edwards, founder of Capriole Investments, stated in an interview with Bitcoin Magazine that for Bitcoin to break its historical high, substantial changes are needed. Possible catalysts include significant advancements in quantum computing, a shift in Federal Reserve policy, direct purchases of Bitcoin by the U.S. government, or a new round of stimulus events. He also noted that institutional buying through ETFs continues to provide strong support for the market. Edwards mentioned that AI-driven unemployment could alter the Federal Reserve's policy path, thereby impacting Bitcoin's trajectory; the continuous rise in computing power presents a bullish signal on the Hash Ribbons indicator, and he discussed whether this computing cycle differs in the AI era. Furthermore, he evaluated whether Bitcoin remains undervalued from the perspectives of production costs, energy value, and MVRV, and addressed the unknowns Bitcoin faces in a global liquidity environment with a 5% interest rate. Regarding quantum computing, Edwards believes a clear roadmap could actually become an upward catalyst for Bitcoin. He also discussed the crypto security risks posed by AI superintelligence and the factors that could trigger the next historical high for Bitcoin.