Analyst Jeff Park said sovereign adoption of Bitcoin would be the 'ultimate upside catalyst' and could push BTC to $150,000 overnight — but only if the move is genuine. He framed such a shift as a wake-up call for markets, not a speculative flash.

Beijing accuses the US of secretly seizing 127,000 BTC (about $13 billion) tied to the 2020 LuBian mining pool hack, prompting a rare geopolitical standoff and fresh questions about cross‑border crypto jurisdiction. Markets and custody providers are bracing for fallout as legal and sovereignty issues move to the forefront of the crypto debate.