AI News: Nvidia’s Earnings Strength Collides With Tough Market Expectations

Sovereign adoption and quantum computing clarity could spark Bitcoin’s next major move, says ProCap CIO Jeff Park

Sovereign adoption has become a major talking point for Bitcoin. Jeff Park from ProCap said it could trigger a massive upswing in price if a developed country chose to add Bitcoin to its national balance sheet. 

Park described this as a rare event that could change market sentiment within hours. 

Genuine sovereign buying could reshape price action

Park said a real move from one large country could push Bitcoin near $150,000 overnight. That level would mark a large jump from recent prices tracked by CoinMarketCap. 

Strong buying from a government could create a fast change in trader behavior. Park said such an event would show that Bitcoin has reached a new stage in global finance. He said the announcement must describe clear and deliberate buying. It cannot be a symbolic gesture or a trial program.

He said the market listened to claims of national buying for nearly a year in the past. Several sources repeated the idea without evidence and that period created mistrust among investors and reduced excitement when similar claims appeared again. 

Park said a confirmed purchase would break that pattern and create strong demand at once.

Several analysts in the crypto space have said countries may act sooner than expected. Samson Mow said adoption follows a slow, then a fast phase and believes the slow phase may be ending. 

Park on the other hand, did not predict when the first major buy will happen but he agrees that the effect would be immediate once confirmed.

Quantum computing creates uncertainty for long-term holders

Quantum computing appeared throughout Park’s comments as a subject that continues to worry parts of the Bitcoin community. 

Park said the topic feels like an odd threat because it continues to be abstract for many traders. Some holders fear a scenario where quantum progress moves faster than expected. 

That concern may influence how long-term whales manage their coins.

Several large holders have also sold portions of their Bitcoin during recent months. Park said the reasons behind their sales may not follow normal patterns. He said whales often buy or sell based on rare events. 

Those events may be unlikely, but the whales still consider them important. This behaviour can confuse traders who expect whales to move only for broad market reasons.

Glassnode reviewed the data and said that the current whale selling lines up with previous cycles. 

Long-term holders regularly take profits during strong runs but the firm said nothing unusual appears in the recent activity. 

Related Reading: Nvidia Hits $4 Trillion Valuation as AI Demand Surges

Better clarity could reduce selling pressure

Park said that strong guidance on the state of quantum computing could give the market more confidence. 

The idea relies on understanding what risks exist now rather than guessing. Many traders have asked how long current encryption can withstand quantum advances. Better answers could reduce anxiety among investors who hold large amounts of Bitcoin.

He said that stopping selling pressure often helps price discovery. Fresh buying then adds more liquidity that can move the market upward. 

The problem occurs when selling continues without a clear reason and weighs on the price for too long. Park did not claim that quantum computing poses a direct threat today. He only said that the uncertainty alone can influence behaviour.

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