Bitcoin is trading near $85,000, and Jeff Park, Partner and CIO at ProCap BTC, recently spoke with Anthony Pompliano about why the current drop might be beneficial. Park believes the decline isn’t just about short-term buying opportunities but signals a shift in market narrative. He argues that Bitcoin’s traditional four-year cycle, tied to its halving events, is losing relevance.
According to Park, “The four-year cycle is almost definitively over.” He explains that the halving, which historically influenced this pattern, no longer holds the same weight due to new sources of demand. Instead, he sees the market adopting a rhythm more aligned with institutional risk appetite.
Park acknowledges that many investors still operate as if the four-year cycle is real, describing them as early adopters who treat it almost like a prophecy. These large holders, with wallets containing 10,000 BTC or more, control about a third of the market. Their belief in the cycle can make it self-fulfilling, as their actions influence prices.
Looking ahead, Park suggests that a weak finish to the year could be constructive. If Bitcoin closes 2025 in the red, it would break the four-year cycle pattern, potentially paving the way for a new “super cycle” free from halving-related expectations. He even joked that a red yearly candle would turn the cycle into a three-year one.
Park expressed concern about a slightly positive year-end, like closing at $98,000 to $100,000, as it would keep the four-year cycle narrative alive and cast a shadow over 2026. When asked if Bitcoin could surge to $140,000, he acknowledged it’s possible but emphasized the trade-off: either a big rally keeps the cycle discussion going, or a small loss helps erase it entirely.
For Park, Bitcoin’s current price is “good news” mainly because it increases the chance of breaking free from the halving myth, allowing the market to be driven more by institutional trends. At the time of writing, BTC was trading at $84,469.
Frequently Asked Questions
Of course Here is a list of FAQs about why a Bitcoin price drop to 85000 could be positive based on a hypothetical analysts perspective
BeginnerLevel Questions
1 Wait a price drop is a good thing How
Yes according to this perspective A drop can create a healthier market by shaking out shortterm speculators allowing for a stronger foundation before the next potential upward move
2 What does shake out weak hands mean
It means that investors who panic and sell during a price drop are often the ones who bought on hype without a longterm strategy Their exit can reduce volatility and make the market more stable
3 Im new to this Should I be worried about price drops
Not necessarily Price volatility is normal for Bitcoin Many longterm investors see significant dips as potential buying opportunities rather than reasons for panic
4 What is a buying opportunity
Its a chance to purchase an asset at a lower price than before If you believe in Bitcoins longterm value a drop to 85000 could be a good entry point
5 How does a price drop make the market healthier
It can prevent a bubble from forming too quickly A steady sustainable rise is often healthier than a rapid speculative spike that can lead to a more severe crash later
Intermediate Strategy Questions
6 What is profittaking and how does it relate to a drop
Profittaking is when investors sell their assets after a price increase to lock in gains This selling pressure can cause a price drop which is a normal and healthy part of a market cycle
7 How can a dip strengthen longterm investor conviction
It tests an investors belief in the assets fundamental value Staying invested through a downturn often means youre committed for the long run not just shortterm gains
8 Could this drop be a market correction
Yes absolutely After a strong rally a correction is a common and healthy phenomenon to cool down an overheated market
9 Whats the difference between a dip and a crash
A dip is a shorttomediumterm price decline often seen as a temporary setback A crash is