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Galaxy Digital CEO: If Bitcoin price reaches $1 million next year, it will indicate that the US economy is in serious trouble.
PANews, August 17th news, according to Cointelegraph, Galaxy Digital CEO Mike Novogratz stated in the Coin Stories podcast that Bitcoin price surpassing one million dollars next year is not a victory, but a sign of a serious downturn in the U.S. economy. Novogratz emphasized stability over soaring Bitcoin prices. "I would rather have a more stable America with lower Bitcoin prices than the opposite situation." He explained that severe currency devaluation often comes at the expense of citizens' social interests.