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TechFlow, August 17 — According to Cointelegraph, Galaxy Digital CEO Mike Novogratz said that if Bitcoin reaches a price of $1 million next year, it would not be a victory, but rather a signal of severe distress in the U.S. economy.
Novogratz stated on the Coin Stories podcast: "I'd rather see a lower Bitcoin price in a more stable America than the reverse." He explained that severe monetary devaluation usually comes at the expense of civil society.
According to Cointelegraph, Galaxy Digital CEO Mike Novogratz said that if Bitcoin reaches a price of $1 million next year, it would not be a victory, but a signal of serious trouble in the U.S. economy. Novogratz stated on the Coin Stories podcast: "I'd rather see a lower Bitcoin price in a more stable America than the reverse." He explained that severe currency devaluation typically comes at the expense of civil society.
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