Mike Novogratz: Bitcoin’s rise to $1 million is a bad option

Galaxy Digital CEO Mike Novogratz doesn’t want Bitcoin rose in price to $1 million in 2026.

I am surprised by people who are happy about the forecasts for the BTC rate to grow to $1 million next year. Guys, the price of the coin will only reach this figure if everything is really bad here. I would like to see a lower price of Bitcoin with a more stable US economy, rather than the other way around, Novogratz said.

Mike apparently believes that people and organizations will invest massively in digital assets in the event of a devaluation of the dollar and other national currencies, thus trying to protect themselves from inflation and preserve their savings. An analyst under the pseudonym Wolf Of All Streets shares a similar opinion, writing that “the sooner this happens [BTC reaches $1 million], the worse off the world will be.”

In theory Bitcoin may rise in price to $1 million, because with the current number of issued coins, its capitalization level will have to reach $19,9 trillion. As of June, the money supply of the four largest economies in the world was estimated at $95 trillion, accordingly, 21% of funds should be invested in BTC.

Change in money supply of four leading economies

If the BTC rate rises to $1 million, then kriptovalyuta will not overtake gold in terms of capitalization, which currently amounts to $22,7 trillion. Therefore, it can be assumed that the relevance of capital investments in the precious metal will remain in the foreseeable future, and part of the investment portfolio, as now, will be allocated for its purchase.

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