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BREAKING: Bitcoin crashes to $85,000?! Jeff Park flips the script on traditional cycle narratives, hinting at a new era of institutional influence
bitcoin crashing to $85,000: potential value beyond traditional four-year cycles, shifting narrative: increased demand, diminishing halving significance, long-term holders
With Bitcoin at $85,000, Jeff Park of ProCap BTC discussed on a podcast the potential value of the dip, suggesting a shift away from the traditional four-year cycle narrative. He highlighted how increased demand from various sources may render the halving less significant. Park noted the influence of long-term holders on market dynamics and speculated on the necessity of a “red candle” year to break the cycle myth and usher in institutional-driven market trends. 📉📈
He humorously described a slightly positive year as unfavorable, preferring a clearer shift in market sentiment to avoid prolonged uncertainty. Park acknowledged the possibility of Bitcoin prices reaching $140,000 but stressed the importance of reevaluating the market’s reliance on the four-year cycle. The conversation highlighted the potential benefits of disrupting established beliefs to create a more stable and institutionally driven market environment. 🔄📊
https://altcoin.observer/why-bitcoin-crash-to-85000-is-good-news-jeff-park/
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