Mike Novogratz: Bitcoin at $1 million will be a signal of crisis
Date: 2025-08-18 Author: Oliver Abernathy Categories: CRYPTO PAYMENTS
Galaxy Digital founder Mike Novogratz expressed concerns about the future of the American economy and the impact of the cryptocurrency market on the global financial system. According to him, the growth of the US national debt remains one of the key threats, since the authorities' efforts to reduce it have not yet yielded noticeable results.
Novogratz emphasized that he would not like to see Bitcoin at $1 million in 2026. In his opinion, such an increase in the value of the digital asset would not mean the success of the crypto market, but the beginning of a serious economic crisis. He said that he would prefer to see a more modest price for Bitcoin, but at the same time a stable American economy, than the opposite scenario.
The entrepreneur drew attention to another problem: the strategy of large corporations to actively accumulate Bitcoins. Although this trend seems positive, it can lead to the formation of a financial bubble. As a result, only a limited number of companies will be able to withstand the consequences of a possible market collapse, maintaining the confidence of investors and customers.
However, Novogratz is not only critical, but also somewhat optimistic. He believes that as the regulation of the crypto industry in the United States develops, the situation will become more balanced. With the adoption of clear rules, the market will get rid of excessive volatility, and the main cryptocurrencies will be able to take a stable place in the global financial system.
In addition, Novogratz previously pointed out the prospects of Ethereum. According to his forecasts, over the next three to six months, this altcoin is capable of showing faster growth compared to Bitcoin. The main factor, in his opinion, will be the growing interest of institutional investors and corporations in the capabilities of Ethereum.
Thus, the entrepreneur sees a dual picture: on the one hand, the crypto market has enormous potential, and the interest of large players continues to increase. On the other hand, excessive growth in the value of digital assets may not be a good thing, but a sign of serious problems in the global economy. According to Novogratz, the key condition for sustainable development will be a balance between technological progress, institutional trust, and macroeconomic stability.
