Bitcoin’s path to its next major price breakout may depend on one rare catalyst, according to ProCap chief investment officer Jeff Park. In a recent interview published on YouTube, Park said sovereign Bitcoin adoption by a major developed nation could instantly transform market dynamics and spark an explosive upside move.
Park believes this scenario represents the most powerful bullish trigger Bitcoin could experience in the near term. He explained that if an OECD-level country officially announced it was buying Bitcoin for its national reserves, the market reaction would be immediate and dramatic.
According to Park, Bitcoin could jump to nearly $150,000 overnight, representing a surge of roughly 76 percent from its publication price of $85,089, based on CoinMarketCap data.
However, Park stressed that the announcement must be legitimate. “It would have to be real,” he said, adding that Bitcoin investors have lived through earlier periods of speculation where unfounded rumors were treated as fact.
This time, he argued, only an authentic, confirmed move by a sovereign government would deliver such a historic price reaction.
Industry voices such as Samson Mow, founder of Jan3, have repeatedly stated that nation-state adoption is closer than many believe. Mow recently said the world is shifting from “gradually” to “suddenly,” referring to accelerating interest among governments.
Quantum Computing Adds Pressure on Long-Term Holders
Beyond the sovereign adoption narrative, Park addressed another growing concern among investors, especially long-term Bitcoin holders – quantum computing.
He described quantum as a “weird boogie man,” a looming technological threat that creates uncertainty among those holding Bitcoin for many years. Park suggested that this unease may be contributing to recent sell-offs by whales and veteran investors.
“If the whales are selling, they are selling for reasons that are probably just as likely to be improbable for the reasons having bought in 2012 and 2011,” Park said, implying that tail-risk events influence long-term behavior.
Despite these fears, Glassnode data shows nothing unusual. The analytics platform recently stated that long-term holders have been taking profits throughout this cycle, mirroring patterns seen in earlier bull markets.
Park believes “clarity on resolution” around quantum computing could help ease selling pressure. “If you stop the selling pressure, then the buying pressure is actually adding incremental capital for price action,” he noted.
Quantum Threat Debate Intensifies
Concerns about quantum readiness have been rising across the crypto sector.
Gianluca Di Bella, a smart-contract and ZK-proof specialist, said the quantum threat is not far-off but a present-day concern, urging faster development of quantum-resistant designs.
Meanwhile, Bitcoin analyst Willy Woo proposed an interim safety measure: moving BTC to a SegWit-compatible address until a quantum-secure solution is implemented.
As the industry watches both technological risks and macro-level catalysts, Jeff Park’s analysis highlights the possibility that one major geopolitical move could reshape Bitcoin’s global role overnight.