Combine the cachaca, Red Pepper Saffron Syrup, lemon juice and orange juice in a cocktail shaker filled with ice and shake. Strain into a chilled cocktail glass. Dash the bitters on top for aroma. Garnish with thinly sliced red bell peppers and the shrimp.
Puree the peppers in a blender with about 1/2 cup water. Strain through a fine mesh strainer into a saucepan. Add the sugar, 2 1/2 cups water, the paprika, cayenne pepper, chili powder and saffron. Bring to a boil over high heat, stirring constantly until the sugar is dissolved. Remove from the heat and let cool to room temperature. Strain through a fine mesh strainer and keep refrigerated for up to 1 week.
Recipe courtesy of Tippling Bros., Tavernita, Chicago, IL