$1M Bitcoin in 2026 would signal trouble: Galaxy's Mike Novogratz

Galaxy Digital CEO Mike Novogratz drops a truth bomb: a Bitcoin hitting $1M in 2026 isn’t a flex—it’s a red flag for the US economy. In a chat with Natalie Brunell, he’s like, 'Y’all cheering for this? Nah, it means we’re in deep trouble.'

Novogratz is all about stability over mooning prices. He’d take a chill US with lower BTC prices any day over chaos and a skyrocketing crypto. Why? Because when the dollar tanks, it’s not just your portfolio that suffers—it’s society.

Echoing Novogratz, Crypto analyst Wolf Of All Streets once said, 'The faster it happens, the worse the world is.' But let’s be real, the crypto crowd loves a good prediction. BitMEX’s Arthur Hayes is betting on $750K to $1M by 2026, and Jan3’s Samson Mow is even more bullish, eyeing $1M 'maybe this year, maybe next year.'

Novogratz isn’t just worried about Bitcoin’s price—he’s sounding the alarm on the US debt crisis. He’s calling out Treasury Secretary Scott Bessent for failing to tackle the debt-to-GDP ratio, hinting at darker days ahead for the economy.

And here’s the kicker: Novogratz is getting nervous about the Bitcoin treasury play. With companies jumping on the BTC bandwagon left and right, it’s starting to smell like bubble territory. 'When the cab driver asks you about balance sheet companies, that’s bubble vibes,' he warns.

This comes after VC firm Breed flagged the same issue, predicting a 'death spiral' for BTC-heavy companies trading near NAV. So, while the crypto world dreams of million-dollar Bitcoins, Novogratz is here to remind us: be careful what you wish for.