Ledger Co-Founder’s $1 Million Bitcoin Warning: This Price Means Global Disaster

Ledger co-founder Eric Larchevêque stated that the Bitcoin price reaching the $1 million level could be linked to a global economic collapse or a war scenario.

Eric Larchevêque, co-founder of Ledger, one of the most important hardware wallet manufacturers in the cryptocurrency world, made striking statements regarding the price of Bitcoin (BTC). In an interview, Larchevêque emphasized that the leading cryptocurrency reaching astronomical prices does not always paint a positive picture.

According to Larchevêque, Bitcoin’s price rising to levels like $1 million or $10 million could mean that the world is in great chaos. In this scenario, the collapse of fiat currency systems, deepening debt crises, social unrest, and even wars come to the forefront. The famous figure argues that in a world where everything works perfectly, the need for Bitcoin would decrease, and therefore its value would remain low.

Bitcoin and Global Economic Uncertainty

Stating that Bitcoin’s true power emerges during periods of instability, Larchevêque defines the asset as an “ultimate settlement tool.” At this point, Bitcoin (BTC) becomes one of the safest havens for protecting wealth. Larchevêque added that this situation carries different meanings from country to country.

For example, Bitcoin does not hold the same importance for an investor in Iran, which is struggling with economic sanctions, as it does for a user in France. Larchevêque expresses that the fundamental driving force behind Bitcoin’s value increase is the cracks in the existing financial system. In this context, as the Bitcoin price rises, it may be necessary to face the reality that traditional systems are under greater risk.