ProCap’s Jeff Park believes sovereign adoption could trigger a Bitcoin surge to $150,000 overnight, a 76% increase from its current price of $85,089. He stressed the importance of genuine adoption, not rumors or marketing stunts, during an interview on The Pomp Podcast. Park also mentioned quantum computing clarity as a potential price catalyst. Bitcoin is down 21.13% over the past 30 days, with Glassnode stating recent whale selling is normal profit-taking behavior. Concerns over quantum computing’s impact on Bitcoin have been growing, with experts urging for precautionary measures like transferring Bitcoin to SegWit-compatible addresses.

Read more at Cointelegraph: Sovereign Bitcoin adoption would be the ultimate upside catalyst: Analyst