$1M Bitcoin by 2026 Would Signal Macro Trouble

I agree with Mike Novogratz’s framing that a $1 million Bitcoin by 2026 would be less a triumph and more a flashing warning about underlying economic stress. I see such an extreme price move as more likely symptomatic of desperate monetary conditions or capital flight than of a sustainably healthy market.

From my perspective, a parabolic rally to $1M would raise red flags about liquidity, leverage and systemic risk — conditions that can reverse quickly and violently. I would treat that scenario as a sign to reassess portfolio risk rather than celebrate a record headline price.

I would monitor macro indicators, derivatives positioning, and on-chain leverage closely, and avoid chasing a late-stage rally; preserving capital and planning hedges would be my priority.