Many investors dream about Bitcoin to cost a million USD. Only that Mike Novogratz, president of Galaxy Digital, warns: It would mean great problems!
Bitcoin for a million USD means a disaster!
Investors dream about buying, Bitcoin for $ 100,000 and sell for a million USD! And it’s best for everything to happen for a year. Only that Mike Novogratz warns: such a scenario would mean a disaster.
Of course, an investor who had a bitcoin worth one million USD probably would not cry (and if it is in the latest Ferrari model). It’s just that it is worth remembering that such an increase should last for several years, not a year. If the cryptocurrency would get up at this pace for 12 months, it would be the result of something terrible!
Novogratz warned Natalie Brunell in the Coin Stories podca that not only the investment profit is counting, but the economic environment:
I prefer a lower price of Bitcoin in more stable United States than vice versa.
He meant that such a great jump of the BTC course would mean a huge USD devaluation – even ordinary Kowalski (in the US edition – Smiths) would run towards cryptocurrency, who would abandon the Fiat currency losing the value of the currency. In other words, Bitcoin for million USD in 2026 is possible, but surrounded by hyperinflation.
The Wolf of All Strets cryptocurrency analyst, who said Cointelegraph In July 2023, that “the sooner it (i.e. a violent BTC price), the worse the world will be.”
This is real
The problems of colleagues from the head industry, however, are not tangled by the founder of Bitmex, Arthur Hayes, who in October 2023 said that he expected that in 2026 Bitcoin would be worth from 750,000 to 1 million USD. By the end of this year, the course is expected to increase to USD 250,000. Of course, according to Hayes.
Would such a price jump be possible without a US disaster? Theoretically, like this: at the time of mass adoption of BTC. This, however, will not happen during the year, it can be seen that it is written for several years. Another thing is that Donald Trump’s policy can accelerate it. The president agreed to invest in Bitcoin by American pension funds. In addition, he connected the US interest with the development of the Stablecoin market, which are to have a foundation in the United States (Genius Act). The developing market for “stable cryptocurrencies” will drive the demand for the latter, and thus reduce their profitability, which will allow Washington to debt at a lower cost.
