CEO of the investment company Galaxy Digital Mike Novogratz considers the sharp possible rise in price $BTC to $1 million to be a cause for concern. According to him, this will be a marker of significant problems in the American economy.

Novogratz shared his thoughts on this matter during the Coin Stories podcast. When asked whether the entrepreneur believes in Bitcoin's rise to the $1 million mark, he answered:

"Yes, I believe that Bitcoin can indeed break the $1 million level. I just hope it happens slowly."

According to Novogratz, the history of Bitcoin and the factors influencing its growth can be divided into two large phases — before institutions and after. In particular, he mentioned BlackRock CEO Laurence Fink, who, in Novogratz's opinion, made the first cryptocurrency a macro asset.