Novogratz is worried about the economy if Bitcoin reaches $ 1 million in 2026

Galaxy Digital CEO Mike Novogratz said next year Bitcoin of one million dollars will not be a victory next year, but would be a sign that the US economy has a serious problem.

“People who cheered the price of Bitcoin of Bitcoin next year, and I was just there if we were in a shitty place in Turkey,” Novogratz said Natalie Brunell is at Coin Stories Podcast on Wednesday.

Novogratz prefers stability on rising BTC prices

“I prefer to have a more stable Bitcoin price in the United States, Novogratz said Novogratz said Novogratz said that violent money devaluation often is often at the cost of civil society.

When a national currency falls, investors often look for alternative safe paradise to protect their reserves, and Bitcoin (BTC) is often called digital gold.

In an interview with Cointlegraph Magazine in July 2023, All Streets’ crypto analyst Wolf reiterated a similar idea: “The faster the world, the worse the world.”

However, several Bitcoiner speculate about the possibility of one million dollars Bitcoin by 2026. One of them is Arthur Hayes, the founder of Bitmex, who said that Bitcoin expects to be $ 750,000 to $ 1 million until then in October 2023. It was more vocal about the estimation that Bitcoin reached $ 250,000 by the end of this year.

More recently, Samson Mow, Founder of Jan3, said that Bitcoin could reach Cointelegraph magazine in June that “maybe this year, maybe next year” could reach $ 1 million.

Novogratz says Scott Bessent is “failed”

Novogratz also expressed concerns about the United States about ongoing debt problems. Authorized, US President Donald Trump’s Treasury Secretary Scott Bessent’s decision to bring the expected results, he said.

“Scott Bessent as much as I like and I think he means everything he said, and he fails to borrow to GDP,” Novogratz said.

“The open is not higher, it will not be higher,” he added.

Nervous

Novogratz warned that the increasing adoption of Bitcoin treasury companies could turn into a balloon.

“I am a little nervous in general,” he said, “I am a little nervous,” Galaxy Digital received about five calls per week from new companies adopting the balance of the balance sheet.

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“At some point, when the cabin driver asks you about the balance sheet company, this is what bubbles feel like that,” he said.

Just a few months after Breed shared similar concerns, the initiative capital (VC) firm.

BREED argued that several Bitcoin treasury companies will be based on time test and that BTC Holding companies that are close to the net asset value (NAV) will escape from the vicious “death spiral olarak that will affect the BTC holding companies.

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