The Pomp Podcast Is $100k Bitcoin The New Normal? | Jeff Park
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Nov 13, 2025 
In this discussion, Jeff Park, Partner and Chief Investment Officer at ProCap BTC, dives into Bitcoin's sideways movement and the interplay of mortgages and institutional investments. He highlights the potential impact of 50-year mortgages on home affordability and compares global ownership models. Jeff also evaluates the evolving role of AI data centers in the economy and the implications for public policy. Plus, he explores the future of crypto regulations and the growing adoption of Bitcoin payments by merchants. A must-listen for crypto enthusiasts!
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$100K Acting As Institutional Bid
- Bitcoin shows strong institutional bids around $100K but persistent selling keeps price range-bound.
- Short-term holders are largely underwater and their selling is creating recurring drawdowns that limit breakouts.
Four-Year Cycle Losing Its Grip
- The classic four-year halving cycle is weakening as institutional flows sync Bitcoin to macro cycles.
- Future Bitcoin cycles may correlate more with risk-on/risk-off and equity/gold moves than halvenings.
Think Twice About 50-Year Mortgages
- Avoid treating 50-year mortgages as a universal fix for affordability without weighing intergenerational effects.
- Consider that extending terms lowers monthly payments but doubles lifetime interest and may harm younger buyers.