Jeff Park, chief investment officer at ProCap, outlined what he believes could be the cause of Bitcoin’s dramatic appreciation and the next “supercycle” of government purchases by major developed countries.
According to reports, President Park said the move needs to be genuine and not a rumor or a marketing ploy. He estimated that these actions could push the price of Bitcoin to around $150,000, a 76% increase from its current price of $84,500.
Sovereign introduction could cause Bitcoin price to soar
Park explained that only genuine purchases by OECD (Organization for Economic Co-operation and Development) member countries could cause prices to skyrocket.
“It has to be real,” he said, stressing that previous hype and false signals from governments have not had the same effect.
When a nation formally announces that it will add Bitcoin to its balance sheet, analysts and traders will react immediately.
Quantum uncertainty weighs on investors
Some investors are also keeping an eye on the risks of quantum computing. They suggested that the introduction of nation-states could occur sooner than expected and could be a gradual to abrupt transition.
Analysts recommended transferring coins to SegWit-compatible addresses as a temporary security measure until quantum-safety protocols are available.
Park said clarity on quantum risks could ease selling pressure for long-term holders.
Falling prices put pressure on whale sales
Bitcoin’s recent movements indicate that large holders are profiting. Glassnode reported on November 14 that long-term holders have realized gains throughout the cycle, consistent with historical patterns.
Nevertheless, prices have plummeted from last month’s high of over $126,000 to just over $84,000, erasing all of the gains from 2025.
Standard Chartered has warned that around half of crypto treasury firms could be at risk if the value falls below $90,000.
Citi analyst Alex Saunders noted that $80,000 is an important level because it matches the average cost basis of Bitcoin ETF holders.
Bloomberg Intelligence: “I think so.” #bitcoin It could set you back $10,000. ” 🚨 pic.twitter.com/nnbMmjX0b7
— Crypto Chatter (@crypto_chatter1) November 19, 2025
More pain in store?
Analysts have warned that even bigger losses could follow. Mike McGlone, a strategist at Bloomberg Intelligence, suggested that Bitcoin is mirroring the 2018 crash and could fall towards $50,000 or even $10,000 in a severe scenario.
Financial analyst Clem Chambers predicted a possible range of $40,000 to $60,000 if market conditions worsen.
Park emphasized that buying activity could more effectively influence prices by halting selling pressure through what he called a “black swan” event.
Confirmation of sovereign purchases or clear statements about quantum safety could change investor sentiment, according to reports.
At the moment, the market is facing a mixed situation. Catalysts exist that could lead to rapid gains, but near-term pressures and uncertainties remain strong.
Featured image from Unsplash, chart from TradingView
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