Bitcoin’s Fall: A Divine Comedy of Greed and Folly 🤑💀

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In the depths of this digital Gomorrah, where the wails of the crypto-faithful echo through the hollow chambers of their shattered dreams, Jeff Park, the high priest of ProCap BTC, dares to proclaim that the plummet of Bitcoin to $85,000 is not a tragedy, but a divine intervention. On a fateful November eve, as the shadows of doubt lengthened, Park, in his conversation with the ever-optimistic Anthony Pompliano, unveiled a thesis as bold as it is blasphemous: the collapse is not a curse, but a cleansing fire, burning away the old superstitions of the halving cycle. 🌋

The Death of a Cycle, the Birth of Sarcasm

“The four-year cycle,” Park declared with the gravitas of a man sentencing an old god to oblivion, “is as dead as the hopes of a gambler on a losing streak.” He argues that the halving, once the sacred heartbeat of Bitcoin’s rhythm, is now but a relic, irrelevant in the face of new, institutional appetites. “The market,” he intoned, “is no longer a slave to the whims of the halving, but a creature of broader, more capricious forces.” 🦎

Yet, Park is no fool. He acknowledges the stubbornness of the old guard, those early adopters who cling to the four-year cycle like a drowning man to a splintered plank. “They are the true believers,” he said with a mix of admiration and scorn, “a cult with prophecies as shaky as a drunkard’s balance.” Their grip on the market, however, is undeniable. “The whales, with their 10,000 BTC wallets, still hold the reins,” he noted, “and if they believe in the cycle, then the cycle persists, a self-fulfilling prophecy of their own making.” 🐳

Park’s humor, as sharp as a razor, cuts through the tension. “If 2025 ends in red,” he quipped, “then the four-year cycle is no more, and we’re left with a three-year cycle. Progress, I suppose.” But beneath the jest lies a strategic vision. “Perhaps we need this red candle,” he mused, “to burn away the old and make way for the super cycle, unburdened by the chains of halving folklore.” 🔴

A marginally green close, he warned, would be the worst of fates. “To end the year up 5%, closing at $98K or $99K, would be a cruel joke,” he said, “for it would only set us up for another year of doom and gloom, the harrowing weight of another down year looming over us like a storm cloud.” 🌩️

Pompliano, ever the optimist, posed the counter-scenario: “Could it just rip back to $140,000?” Park, ever the realist, did not dismiss the possibility. “Anything can happen,” he conceded, “but the choice is clear: either a dramatic rise to make the year count, or a small loss to wipe the four-year cycle from the ledger of history.” 📈

For Park, Bitcoin at $85,000 is “good news” only in the sense that it increases the odds of breaking the self-reinforcing myth of the halving cycle, paving the way for a market driven by institutional risk cycles rather than superstition. And so, as BTC traded at $84,469, the crypto world stood at a crossroads, between the old religion and the new order. 🛣️

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2025-11-21 17:04