According to the businessman, news of this nature is capable of provoking a surge in the price of Bitcoin to the $150,000 mark within days. With the current price of the leading cryptocurrency at $86,000, this represents an increase of almost 80%. The head of the investment department at ProCap BTC emphasized that an announcement of such intentions must be sincere—not just a promotional tactic, a rumor, or a misinterpretation of officials’ statements. The entrepreneur believes that the possibility of a government acquiring Bitcoin is now higher than ever before. “I believe we have reached the finish line of gradual transformations and are entering a period of sharp changes,” Park stated. He also noted that “clarification of the situation” regarding quantum computing could also support the first cryptocurrency. The businessman explained that uncertainty regarding the danger of Bitcoin being hacked by quantum machines is pushing long-term holders to sell the asset. Gaining clarity on this issue could serve as “a factor that will at least stop the selling pressure,” the co-owner of ProCap BTC expressed hope. Currently, the cryptocurrency market is going through a phase where even the slightest technical or regulatory changes can influence price dynamics. In the future, a transition to a systematic return of investor interest is possible, which will increase the chances of a more sustainable rise in Bitcoin, bypassing significant pullbacks, Park suggested. As a reminder, earlier, American financier and investor, founder of the Bridgewater Associates fund, Ray Dalio, stated that Bitcoin’s key difficulty lies in the fact that, in his opinion, it will not be able to become a reserve asset for the world’s leading powers.
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