Topic: Economic Crash may take bitcoin to 1M dollar - page 5. (Read 1196 times)

According to the Finbold article, ‘Rich Dad’ R. Kiyosaki predicts Bitcoin to $1 million if the economy crashes. This is food for thought for those who are foreseeing the economic crash and are unable to find a safe haven for their investments.

Due to the current economic situation and the BRICS, the crash of the dollar seems obvious. Although it will not happen instantly as the US Government will bail out packages in order to maintain the dollar value, however, the question is for how long?

Some people are of the view that if there is an economic crash, then the stock market and the commodities market will crash and so will the bitcoin price will tremble. This may happen but I think the bitcoin will recover quickly and people will invest in the bitcoin. And who knows bitcoin may not fall at all if all this happens in a slow and steady fashion.

That depends on bitcoin to dollar relationship in perspective of economic crash. Like if most of the people or entities think that Bitcoin and a dollar has strong relation then definitely whatever changes are happening in fiat world will affect the Bitcoin straight on the face. On the other hand, it doesn’t seem to be that strong relation because Bitcoin is way steady since many months now. Yes it’s price is way lower than it’s ATH but that’s related to Bitcoin volatility. As such Bitcoin is not getting affected a dime with dollar depreciation. In fact it could have opposite effect on it and could lead to more investors getting involved in it to move the price above expectation.

Most people around the world know Robert Kiyosaki, and it's no wonder that he also has Bitcoin holdings. A popular tycoon businessman who is known around the world may be using his fame and influence to encourage more people to invest in Bitcoin. And for us as Bitcoin enthusiasts, this is actually a good sign.

It's also nice to hear that every single bitcoin will be worth 1 million dollars, isn't it? The one who made that prediction is not just a random person but one of the most powerful businessmen in the world. It's just that right now it's a bit far for what is thought about Bitcoin to happen, and I also think that he is also preparing for that time, which is why Robert Kiyosaki is saving now, in my opinion.

According to the Finbold article, ‘Rich Dad’ R. Kiyosaki predicts Bitcoin to $1 million if the economy crashes. This is food for thought for those who are foreseeing the economic crash and are unable to find a safe haven for their investments.

Due to the current economic situation and the BRICS, the crash of the dollar seems obvious. Although it will not happen instantly as the US Government will bail out packages in order to maintain the dollar value, however, the question is for how long?

Some people are of the view that if there is an economic crash, then the stock market and the commodities market will crash and so will the bitcoin price will tremble. This may happen but I think the bitcoin will recover quickly and people will invest in the bitcoin. And who knows bitcoin may not fall at all if all this happens in a slow and steady fashion.

If there is a collapse of the world economy, it could lead to a global war for resources. In this case, the Internet will be shut down almost everywhere. How will bitcoins be transferred then? Then regular cash, not cryptocurrency, will be used for vaimonos settlements

The currency collapse of USD isn't voluntary. Why would it be? Has any country ever willingly let their currency fail? The central banks and government will try to do what they can, but once confidence is lost, it's not as if that confidence can be reestablished. Bailouts involve money creation, and the central banks can only create new dollars that are proportional to future GDP. Given that the U.S. government has already spent so much and the debt to GDP ratio is so utterly disproportionate, there isn't much more than they can do.

That being said, an economic crash is most likely imminent within the next 1-2 years, and for Bitcoin to hit 1M, there would be need to be some major currency collapse. An economic crash isn't enough. The post COVID Bitcoin ATM was not sustainable growth and it was a speculative bubble, which is why it crashed.

The United States is not going to let its currency fall for long because if it did they would be in big trouble. So the potential to provide bailouts to make their currency exchange rate stable is definitely a must. I don't see the long process of the dollar's decline because there is a way for them to recover and that happens in decades, unless there is a full-blown crisis that may take time to stabilize.

I haven't found a $1 million markup for bitcoin in the near future or this year. But it is possible that if a world economic crash were to cause a spike in the price caused by a few people trying to buy bitcoins, thus beating the average purchase price would allow bitcoins to exceed its predicted price as the laws of supply and demand apply. Vice versa if bitcoin experiences a downward or sideways blow and there will definitely be a moment that makes it recover.

We can see as an example when Covid-19 occurred and even though it was initially corrected, in the end bitcoin also got a new ATH moment the following year. This is the power of bitcoin that can give people a great deal of confidence to hold onto and there is always a way for bitcoin to arrive at a four-year process. So there is a conclusion why people will continue to invest their money in bitcoin even though the world economy is experiencing big problems.

But why do we just expect bitcoin to reach 1 million USD and pray for the world economy to fall into a serious crisis? As we can see, the highest inflation in the past 40 years has caused us a lot of difficulties, even affected our bitcoin investment. Many people cannot keep their bitcoins because of the economic crisis. And, is there any benefit when the economy collapses and it still makes sense for bitcoin to hit $1 million? Also, does anyone think when the USD depreciates severely, will that 1 million dollars save us from the economic collapse?

I still hope and believe that bitcoin hits $1 million but due to increased demand, not the hope of an economic crisis.

IMO, there isn't just enough impulse from the market and that's why it hasn't happened yet. We have to admit that we're still far from it and even a couple of halving comes, it may not even enough yet.

Despite that we've been hearing that for years, that's typical to have predictions come and go and some may happen but most of them won't.

So a lot of factors will be combined to make it happen and maybe value of fiat by that time will even be lower.

The idea of Bitcoin hitting $1M is wild and we have been hearing about it for years. It never happens though because as you know, BTC has always been the rebellious when it comes to the market and its price. It has always being doing its own thing. There is no way one could predict accurately what the price is going to be. Sure, if there's a global economic meltdown, everything might take a hit temporarily, Bitcoin included. But given its decentralized nature, whatever effect Bitcoin is going to show, it is going to be temporary. So even if it stumbles with a market crash, I bet it'll bounce back quicker than most and might reach the $1,00,000 mark (but its not going to happen. lets be realistic here), but eventually we will see a correction and it might go back down to $100k. But yeah, if the traditional system's going under, more people might see Bitcoin as the lifeboat. So we will see the price going up in the long run.

According to the Finbold article, ‘Rich Dad’ R. Kiyosaki predicts Bitcoin to $1 million if the economy crashes. This is food for thought for those who are foreseeing the economic crash and are unable to find a safe haven for their investments.

Due to the current economic situation and the BRICS, the crash of the dollar seems obvious. Although it will not happen instantly as the US Government will bail out packages in order to maintain the dollar value, however, the question is for how long?

Some people are of the view that if there is an economic crash, then the stock market and the commodities market will crash and so will the bitcoin price will tremble. This may happen but I think the bitcoin will recover quickly and people will invest in the bitcoin. And who knows bitcoin may not fall at all if all this happens in a slow and steady fashion.

Anything obvious should not equate to a crash, a crash is when the market fails to anticipate an event ahead of time hence the sudden changes in price.   What is confusing some is the crash and boom effects can mirror each other, if currency does degrade alot it can mean less debt burden on those who had owed money in that currency.   Its not straightforward but best described as volatility or ongoing uncertainty in pricing; this also is not a positive as business requires stable prices in order to distribute and plan the sale of goods best.

Due to the current economic situation and the BRICS, the crash of the dollar seems obvious.

According to the Finbold article, ‘Rich Dad’ R. Kiyosaki predicts Bitcoin to $1 million if the economy crashes. This is food for thought for those who are foreseeing the economic crash and are unable to find a safe haven for their investments.

Due to the current economic situation and the BRICS, the crash of the dollar seems obvious. Although it will not happen instantly as the US Government will bail out packages in order to maintain the dollar value, however, the question is for how long?

Some people are of the view that if there is an economic crash, then the stock market and the commodities market will crash and so will the bitcoin price will tremble. This may happen but I think the bitcoin will recover quickly and people will invest in the bitcoin. And who knows bitcoin may not fall at all if all this happens in a slow and steady fashion.