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BTC

Novogratz Warns $1M Bitcoin by 2026 Would Signal Trouble

I note Galaxy Digital CEO Mike Novogratz said Bitcoin recently hit an all-time high of $124,128 and that a $1,000,000 price by 2026 could be a sign of trouble.

I see that as a cautionary signal: such rapid, parabolic gains often precede sharp corrections and greater market fragility, especially if driven by leverage and FOMO.

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Analysis

Novogratz’s comment flags tail-risk from extreme price acceleration—while momentum is strong, a jump to $1M in two years implies unsustainable valuation growth and raises the likelihood of a blowoff t...

Recommendation

Watch market structure and risk indicators closely, avoid aggressively adding exposure on a parabolic move, and consider profit-taking or hedging if holdings show large unrealized gains.

Disclaimer

The Analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.

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