The CEO of Galaxy Digital Mike Novoghatz says that Bitcoin worth a million dollars next year will not be a victory, but rather a sign that the American economy is in a dangerous trouble.
“People who chant the price of bitcoin, which is worth one million dollars next year, you were like, guys, his arrival there only if we are in this strange place locally,” Novoghatz He said Natalie Brunell on Podcast Metal Currency Stories on Wednesday.
Novogratz prefers stability on the high BTC prices
“It is best for bitcoin to be less in the United States more stable than vice versa,” Novugratz said, explaining that sharp currency deviations often come at the expense of civil society.
When the national currency decreases, investors often search for alternative safe havens to protect their wealth, and Bitcoin (BTC) is repeatedly referred to as digital gold.
“The faster that happens, the worse the world,” Wolf’s encryption analyst from all streets.
However, many bitcoin centers speculate on the possibility of Bitcoin worth a million dollars by 2026. One of them is the founder of Bitmex Arthur Hayes, who said in October 2023 he is expected to range from Bitcoin from 750 thousand dollars to one million dollars by that time. He was recently more hiding about his prediction of bitcoin, which reaches $ 250,000 by the end of this year.
Recently, the founder of Jan3 Samson Mww told Cointelegraph in June that Bitcoin could reach one million dollars, “Perhaps this year, and perhaps next year.”
Novogratz Scott Bessent says “Failure”
Novogratz also expressed its concerns about continuous debt issues in the United States. He suggested that US President Donald Trump’s decision to bring Treasury Secretary Scott Bessent did not have the expected result.
“As much as I love Scott Bessant and I think he meant everything he said, it fails to bend debts to the gross domestic product.”
He added: “The deficit will be higher and not less.”
Novogratz is tense about Bitcoin Treasury
Novogratz has warned that the increased adoption by Bitcoin Treasury companies can turn into a bubble.
He said: “I am a little tense in general because there is a crazy that is crazy,” and revealed that Galaxy Digital receives about five weekly calls from new companies that adopt the original in the public budget.
Related to: Bitcoin’s high gains disappeared at all hours: this is the reason
“At some point, this is what the bubbles feel, when the taxi driver asks you about the public budget company,” he said.
This came just two months after Capital Capital (VC) participated in similar concerns.
Bold has argued that some treasury companies in Bitcoin will face time test and avoid the evil “spiral of death” that will affect the BTC Holding companies that are trading near the net value of the assets (NAV).
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