Bitcoin at $1M Would Signal Global Economic Crisis: Ledger Co-Founder

Ledger co-founder Eric Larchevêque said in a recent interview that a surge in Bitcoin’s price to $1 million or even $10 million would likely reflect global economic instability rather than financial strength.

He said such levels would point to severe disruptions in the global system, including war, sovereign debt crises, currency breakdowns, and rising social unrest.

Larchevêque added that Bitcoin has limited relevance in a stable economic environment where traditional financial systems function effectively. However, he noted that its role becomes more significant during periods of uncertainty, where it can act as a settlement asset and a tool for preserving wealth.

He also emphasized that Bitcoin is perceived differently across countries, pointing to contrasting views in regions such as Iran and France.

Source: WHEN SHIFT HAPPENS