In a wide-ranging interview with Anthony Pompliano published on October 2, Jeff Park, partner and Chief Investing Officer at ProCap BTC, argued that gold’s surging price and shifting global ownership patterns are not a threat to Bitcoin—but potentially the catalyst for its next structural leg higher. Park’s thesis centers on flows, geopolitics, and balance-sheet mechanics: if policymakers and large allocators learn to tap the paper gains embedded in sovereign gold holdings, they could redirect a meaningful slice of that liquidity into Bitcoin and ignite what he repeatedly framed as a supercycle. Why Gold’s Rally May Trigger A Bitcoin Supercycle “The math is pretty simple,” Park said. “What if we find a way to unlock the ability to build leverage on the paper gains of gold to take a call option on Bitcoin? There’s something incredible here that could happen.” In his back-of-the-envelope scenario, “a trillion dollars of Bitcoin is actually hugely impactful for the bitcoin market.” He contrasted the magnitude of such an impulse with the size of the US fiscal problem, suggesting that while a trillion dollars is small relative to public debt, it would be outsized in a young asset with finite supply and thin free float. Related Reading: Bitcoin Calm Is Over — ‘Every Time This Happened, Price Went Vertical,’ Says Analyst Park’s remarks were prompted by a simple question: why is gold ripping while Bitcoin has lagged on a relative basis? He did not dispute gold’s leadership—calling it “the story of the year”—but argued the drivers differ. Gold is presently the venue for acute geopolitical expression and central-bank rebalancing, while Bitcoin’s adoption curve hinges on institutional flows that are still ramping. “Ultimately [these markets] are driven by flows,” he said, adding that Bitcoin’s flows are “inevitable” so long as the institutional agenda advances with “focused deliberation.” A crucial plank of Park’s framework is the changing geography of gold. He pointed to two simultaneous realities: the headline that US gold reserves have reached a large notional value because of price—and the under-discussed fact that the US share of global official gold has sunk over decades. “At one point post-World War II the US had over 50% of the world’s global gold reserve supply as a central bank and now it’s less than 20%. So who’s making up for the compensation on their side? Likely China and many other BRIC countries in the lead.” That shift, Park argued, helps explain the persistence of gold’s bid. China, in his telling, is exerting influence not only through accumulation but also by building market infrastructure. He highlighted “the launch of the Shanghai Gold Exchange” and the rise of “the Shanghai Futures Exchange,” observing that “physical gold now actually trades in China” at a scale once associated with London. In a symbolic move earlier this year, “for the first time [they] opened up vaults in Hong Kong to allow offshore investors to put their gold in reserves,” a step Park sees as part of a longer-term strategy to enhance the creditworthiness of CNY-settled commodity trade. Will The US Act First? Park then connected this gold realignment to Bitcoin’s addressable demand. He referred to the scenario in which the US takes the massive unrealized gains on its gold if marked at market and either revalues or borrows against those gains to purchase Bitcoin for its strategic reserve under President Donald Trump. “Gold has been marked at the Treasury at $42 an ounce and we all know right now it’s trading at [roughly] 3850… There’s a trillion dollars of basically paper gains.” In that context, he argued that leveraging paper gains into a scarce digital reserve asset could be a high-beta upgrade to the sovereign balance sheet. Pressed on the political feasibility, Park distinguished between executive action and legislation. “The executive path is a great starting point to create a watershed moment,” he said, but “no democratic coalition is truly bought in until a legislative motion.” The former could demonstrate intent; the latter would make a Bitcoin reserve strategy “irreversible” and align it with the broader social mandate he associates with sound-money adoption. The crux of his “supercycle” framing is compounding. Park walked through return profiles to quantify why a large base allocation, even if financed, could matter over time. “If you own Bitcoin and you assume that it’s going to go up by 12% a year, you’ll make a 30x in 30 years… If you think it’s actually going to go up by 40% per year, which is what the [asset] has been otherwise annualizing, it’s 10 years.” He stressed that the point is not to promise those numbers, but to illustrate how modest annualized returns can cover meaningful fiscal gaps when the base is large enough and the asset is credibly scarce. Why Is Bitcoin Lagging Gold? Park also addressed why Bitcoin has not matched gold’s recent pace. Part of the answer, he suggested, is optics: Bitcoin is “living, breathing software” that evolves via open debate, whereas gold’s appeal is its millennia-long immutability. The transparency of Bitcoin’s governance can spook newcomers who only see the noise. “If I were outside and I was a BlackRock ETF buyer and I listened to the conversation that’s happening between the Bitcoin developers, I might say, ‘Hold on a second. This is crazy stuff.’” Even so, he framed current developer disputes—such as arguments over relay policy or spam-filter defaults—as hygiene issues, not existential ones. They matter for performance and propagation, but not for the core monetary assurances: “21 million or bust.” Related Reading: Bitcoin Breaks $119,000: Analyst Says $139,000 Could Be Next He invoked the lessons of the block-size war to explain why the system’s checks and balances are a feature, not a bug. “Ultimately, who is running consensus at Bitcoin?… The node clients are very valuable and they are in control versus miners and their self-interests. And that was a huge moment because it showed you decentralization was alive.” The line between hard-coded rules and socially enforced norms will always invite argument, he conceded, but in his view that process “future-proof[s] Bitcoin as the ultimate store of value.” Throughout, Park returned to flows. Gold’s flows, in his assessment, are being pulled by geopolitics and central-bank behavior—especially in Asia. Bitcoin’s flows will be pulled by institutional adoption and, potentially, by policy innovation that converts dormant balance-sheet strength into active demand. That is why he sees the assets as complements within the same macro problem set rather than rivals fighting for a single inflow. “Gold’s greatest cultural power is its impermanent fixture in our mindset and its durability for eons,” he said. Bitcoin, by contrast, offers sovereignty, portability, and programmability that younger cohorts find intuitive. “Young people are mentally more able to do things that older people can’t… the trend of young people understanding digital store of wealth… is the big picture.” I spoke with @dgt10011 on whether we should be worried about bitcoin lagging gold’s performance, durability of bitcoin vs gold, how to think about bitcoin as living software, and a new theme referencing the retardification of society. Enjoy! YouTube: https://t.co/kwCRnibemU… pic.twitter.com/0BckI7h7Eb — Anthony Pompliano ???? (@APompliano) October 3, 2025 If that generational shift meets a government-level balance-sheet pivot, Park believes the market structure can change quickly. “A trillion dollars of Bitcoin is hugely impactful,” he repeated, not because it solves everything overnight, but because it reorganizes incentives for issuers, custodians, and policymakers around a credibly scarce digital reserve. In that world, the present period—where gold leads and Bitcoin consolidates—may be remembered not as divergence, but as staging. “Bitcoin will catch up,” Park said. “These are ultimately driven by flows.” And if those flows are seeded by the very gold rally now commanding headlines, the supercycle label he’s willing to use may not be hyperbole, but simply a description of how compounding works when new liquidity finally meets hard caps. At press time, BTC traded at $120,313. Featured image created with DALL.E, chart from TradingView.com
The daily inflow streak for BlackRock's IBIT surpassed $1 billion on Thursday, contributing to a $2.25 billion run across all Bitcoin ETFs.
Kazakhstan is advancing a dual model by piloting its digital tenge CBDC alongside the Evo stablecoin as part of its push to be a crypto hub.
The crypto market is showing signs of a major shift toward altcoins, with charts hinting at the start of a possible “altcoin season.” A leading crypto analyst, Trader Tardigrade, highlights the TOTAL3 index, which tracks altcoins excluding Bitcoin and Ethereum, forming one of the clearest bullish setups in years. If confirmed, it could push the …
World Liberty Financial (WLFI), the blockchain venture associated with the Trump family, is reportedly advancing plans to tokenize portions of Donald Trump’s multi-billion-dollar real estate portfolio. The project aims to convert some of the most recognizable Trump properties into digital investment products, opening access to retail investors who would otherwise be shut out of high-value […]
The post Trump Tower moving on chain: How the President could make millions appeared first on CryptoSlate.
Crypto hack losses dropped 37% in Q3 to $509 million, but September saw a record surge in million-dollar incidents, led by exchange and DeFi exploits.
Thailand is preparing to expand its exchange-traded funds (ETFs) offerings beyond Bitcoin. The country’s Securities and Exchange Commission (SEC) announced that it is planning to include a number of altcoins or other digital assets amid the growing demand for diverse investment opportunities in the country. Thailand SEC Prepares to Introduce Altcoins ETF Secretary of the …
Stablecoins are growing rapidly, challenging traditional finance by offering faster, more efficient ways to move money. They are now attracting attention from major institutions, and experts predict that their role in the global financial system will only continue to expand. All Fiat Could Become Stablecoins At the Token 2049 event in Singapore, Tether co-founder Reeve …
The subsidiary of Tokyo-based Nomura is in talks with Japan's Financial Services Agency.
XRP price is once again making headlines after breaking past the $3 mark, sparking renewed interest in whether bulls can maintain momentum. At $3.03, XRP has gained 1.63% in the past day and 9.58% over the week, supported by strong trading volume of $7.25 billion. With a market cap of $181.32 billion, XRP’s latest rally …
Ethereum co-founder Vitalik Buterin has sparked debate after taking a swipe at billionaire investor Peter Thiel. In a post on X, Buterin wrote: “Reminder that Peter Thiel is, to put it mildly, not a cypherpunk.” The comment wasn’t random. Buterin attached a passage from Thiel’s 2007 essay The Straussian Moment, drawing attention to the sharp …
Nomura Holdings is planning to grow its presence in Japan’s fast-growing digital asset market. Its subsidiary, Laser Digital Holdings, is seeking regulatory approval to offer crypto trading services to institutional clients. CEO Jez Mohideen confirmed that Laser is in talks with Japan’s Financial Services Agency, showing Nomura’s confidence in the country’s growing crypto ecosystem. Japan’s …
The U.S. government has entered its first shutdown in almost seven years, raising worries for thousands of workers without pay, weaker spending, and leaving investors uncertain about what comes next. But according to a leading DeFi marketer and community strategist, Justin Wu, this latest crisis may not be as bearish as it looks, but actually …
Tether, the world’s largest stablecoin issuer, is making a bold push back into the U.S. market with the launch of its new USAT stablecoin. To drive adoption, the company is teaming up with Rumble, a video platform with a strong U.S. user base. The move signals Tether’s ambition to challenge rivals like Circle’s USDC and …
On October 2, both the US spot ETFs marked their fourth consecutive day of ETF inflows. Bitcoin ETFs saw a huge influx of $627.24 million, while Ethereum ETFs recorded 307.05 million in inflows, as per SoSoValue data. Bitcoin ETF Breakdown Bitcoin ETFs posted a combined $627.24 million in inflows. The largest addition was made by …
The total market capitalization of stablecoins has surpassed $300 billion for the first time — a new all-time high for the sector.
Dogecoin’s daily chart is coiling into a technically clean inflection, according to trader IncomeSharks, who posted a rising channel and an on-balance volume (OBV) wedge that together map a straightforward route to higher levels. “DOGE – Not a bad setup. Obvious channel and clear OBV wedge. Ideally OBV will break out before price,” the analyst wrote, sharing the chart that frames the current advance. Dogecoin Breakout Watch: $0.33 Trigger On Deck Price has been respecting a well-defined ascending channel that has governed trade since early summer. Multiple touches on both boundaries validate the structure: higher lows along the lower trendline from July through early October, and lower-high rejections against the upper rail through mid-July, late August, and late September. After a fresh rebound off the rising support area at the start of October, DOGE has pushed back into the channel’s mid-range, where it typically pauses before the next impulse. IncomeSharks’ path sketch envisions a brief consolidation or shallow pullback inside the channel, followed by a drive toward the ceiling. Related Reading: Can Dogecoin Hit $1? Bullish Patterns and Global Adoption Spark Fresh October The destination is explicit on the chart. The upper boundary currently intersects in the low-to-mid $0.30s, and the drawing marks a breakout attempt between roughly $0.32 and $0.33. That zone represents confluence: it’s where the rising channel’s resistance comes into play and where late-September supply capped the prior thrust. A decisive daily close through that band would confirm a bullish channel breakout and leave the door open for a run towards the early December 2024 high at $0.4843. Volume dynamics are the tell to watch. The lower panel plots OBV, a cumulative measure of buy/sell pressure, compressed into a symmetrical wedge: a gently rising base since mid-July and a descending lid drawn off the July and September OBV peaks. This kind of narrowing range in OBV often precedes a directional expansion. Related Reading: Dogecoin Breakout Could Happen ‘In A Hurry,’ Analyst Warns IncomeSharks’ comment underscores that sequencing: an OBV breakout ahead of price would signal fresh accumulation and improve the odds that price follows with a push to the channel’s top. Conversely, failure of OBV at its wedge support would warn that the rebound lacks sponsorship, increasing the risk of another test of the lower channel line. Structurally, the setup is straightforward. As long as DOGE continues to hold the rising support that has defined the trend since July, the path of least resistance remains up within the channel. A clean OBV break of its wedge would strengthen that view. If bulls can then clear overhead supply and convert the $0.32–$0.33 band into support, the chart would confirm the breakout roadmap IncomeSharks outlined. If instead price loses the ascending base, the channel thesis would be invalidated and the market would likely revisit prior higher-low areas along the lower rail before attempting another trend leg. At press time, DOGE traded at $0.2559. Featured image created with DALL.E, chartfrom TradingView.com
Ripple CEO Brad Garlinghouse addressed concerns from the XRP community after SWIFT’s recent announcement about entering blockchain technology. The update came in an exclusive shareholder letter shared by Jake Claver. SWIFT revealed plans to use a Layer 2 blockchain built on Ethereum called Linea, with an initial focus on smart contracts and a potential stablecoin. …
The long-running debate over XRP’s decentralization has resurfaced, but this time, lawyer and well-known XRP advocate Bill Morgan is pushing back strongly. Responding to renewed criticism on X, Morgan emphasized that official SEC filings for XRP ETFs prove the XRP Ledger (XRPL) is both decentralized and permissionless, despite persistent claims to the contrary. XRP ETF …
Bitcoin has a way of moving in rhythms, and many traders are paying close attention to those patterns right now. Crypto analyst CryptoJelle recently pointed out that Bitcoin’s past two market cycles lasted exactly 1,064 days from bottom to peak. If history rhymes once again, the current cycle could reach its top around October 27th, …
I’ve been watching PancakeSwap closely since yesterday, and the CAKE price movements have been nothing short of remarkable. In just 24 hours, the token rocketed 28%, climbing from a low of $2.62 to a high of $3.39. That being said, the 7-day gains now stand at 28.05%, while trading volume exploded 558% to $434 million. …
The SEC missed its Thursday deadline to decide on Canary Capital’s spot Litecoin ETF, with the government shutdown causing further delays. According to Bloomberg analysts, the setback may not be significant, as the regulator is moving away from old 19b-4 deadlines toward new generic listing standards. This shift signals a potential change in how crypto …
Analysts told Cointelegraph in July that whales and treasury companies stacking BNB, along with regular token burns, were sending the coin’s price higher.
Tether’s co-founder Reeve Collins said all forms of money, including dollars and euros, will probably be represented on the blockchain within the next five years.
ETF speculation flows that could re-anchor memecoin bids across DOGE and SHIB.
The U.S. government shutdown has entered its second day, and according to prediction platform Polymarket, bettors expect the stalemate in Congress to drag on far longer than many had anticipated. With no breakthrough in sight, the shutdown has left hundreds of thousands of federal workers and the broader economy in limbo. Polymarket Prediction Market Shows …
Pancakeswap’s CAKE is up nearly 30% in the past 24 hours, with newer token ASTER up 18%. Memes like FLOKI, CAT and others are yet to catch up to fundamental plays, however.
Ripple has formally filed a Reservation of Rights to challenge Linqto’s bankruptcy strategy of converting 4.7 million Ripple shares into a publicly traded fund. This move prevents its private shares from entering the public market without Ripple’s approval. Ripple Files Reservation of Rights With the Reservation of Rights filing, Ripple emphasized that it remains a …
The cryptocurrency market is heating up again, with many analysts pointing to key signals that suggest a fresh bull run may already be underway. In a recent breakdown, Altcoin Daily analysts highlighted how institutional adoption, favorable policies, and growing real-world use cases could make this one of the most powerful cycles in crypto’s history. From …
Strategy’s Bitcoin treasury has reached $77.4 billion, surpassing the market capitalization of major banks and equaling the GDP of some nations.