ProCap chief investment officer Jeff Park has outlined what he believes could cause Bitcoin to rise dramatically and hit the next “super cycle”: a government purchase by a major developed nation.
According to reports, Park said the move must be genuine, not a rumor or a marketing ploy. He estimated that such a move could send Bitcoin to roughly $150,000, a 76% increase from its current price of $84,500.
Sovereign Adoption Could Trigger Bitcoin Surge
Park explained that only an actual purchase by an OECD (Organization for Economic Co-operation and Development) country could trigger a rapid price increase.
“It has to be real,” he said, stressing that previous hype and false signals from governments have not had the same effect.
Analysts and traders would likely react immediately if a nation officially announced that it was adding Bitcoin to its balance sheet.
Quantum uncertainty weighs on investors
Some investors are also keeping an eye on quantum computing risks. They suggested that the adoption of a nation-state could happen more quickly than expected, shifting from gradual to sudden.
Analysts recommended transferring coins to SegWit-compliant addresses as a temporary security measure until a quantum-safe protocol is available.
Park said clarity on quantum risk could reduce selling pressure among long-term holders.
Selling whales increases pressure when prices fall
Recent Bitcoin activity shows large holders taking profits. Glassnode reported on November 14 that long-term holders have realized gains throughout the cycle, in line with past patterns.
Despite this, prices have fallen sharply from last month’s high above $126,000 to just above $84,000, wiping out any gains for 2025.
Standard Chartered warned that a drop below $90,000 could put about half of crypto-finance companies at risk.
Citi analyst Alex Saunders noted that $80,000 is a key level because it matches the average cost base of bitcoin ETF holders.
Bloomberg Intelligence: “I think #Bitcoin can go back to $10k.” 🚨 pic.twitter.com/nnbMmjX0b7
— CryptoChatter (@crypto_chatter1) November 19, 2025
More pain ahead?
Analysts warn that deeper losses could follow. Bloomberg Intelligence strategist Mike McGlone suggested that Bitcoin could mirror the crash of 2018, with potential declines towards $50,000 or even $10,000 in a severe scenario.
Financial analyst Clem Chambers projected a possible range of $40,000 to $60,000 if market conditions worsen.
Park stressed that stopping the selling pressure – through what he calls a “black swan” event – could affect buying activity more effectively.
Reports indicates that any confirmed government purchases or clear statements about quantum security could change investor sentiment.
For now, the market faces mixed signals: a potential catalyst for strong gains exists, but near-term pressures and uncertainty remain strong.
Featured image from Unsplash, chart from TradingView
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