Topic: Economic Crash may take bitcoin to 1M dollar - page 5. (Read 1274 times)
I think as "IF" scenario this is more likely than many people think. In such situation everything would crush at first point, including bitcoin. But in economic crises gold and bitcoin (which is sort of limited digital gold, premium currency) will be ones that quickly gain value and transaction. But obviously we are not there yet. American dollar is still dominating the world, American stock markets still have greater companies (especially tech) that dominates nearly whole world without competition. So million dollar a bitcoin is very speculative.
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.
Bitcoin will definitely always make an edge over USD because it's a decentralized digital currency, dollar is being controlled and there are other fitchy background stuffs going through the normal procedure we could reason along except we are into the system of government before we can understand how they operates within, the value of bitcoin will always increases while that of dollar as it is because of the impact through what inflation could do upon it role and value on the financial economy.
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.
Apart from that being a good sign, it can also be news that can make Bitcoin fans happy because at this time there are still people who want to use their fame to influence others to want to invest in Bitcoin. Because not all Bitcoin enthusiasts are able to do that now apart from most of them who are still not quite as famous and famous as Robert Kiyosaki.Quote
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.
The important point that we can see from Robert Kiyosaki is that he is willing to save in Bitcoin for a bigger price in the future even though it is a very far price range and even still beyond the predictions of many people for now. So I also won't immediately dream of a price that big because I will be more grateful if I can see a price of $100K in Bitcoin in the not so distant future other than waiting for a much bigger price than now. 
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.
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.
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.
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
Economic collapse does not necessarily mean that the internet will be shut down. We know that the internet is the most important thing after basic needs, others even consider it as one of the basic needs now due to the importance of having communications and the effect it has on the global economy. So I think the government will protect the existence of Internet even though there is a global shortage of resources. Aside from that, if there is an economic crash, it is obvious that the fiat currency value will deflate making the Bitcoin conversion to USD or any other fiat currency higher.
Just imagine a dollar losing 50% of its strength, disregarding other factors that may affect the price of BTC, BTC conversion will be 2x higher than it was before, so with the idea of USD value being deflated, BTC conversion to 1m dollar is very possible to some extend.
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
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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.
No country will allow its currency to weaken because this can affect the sustainability of several other sectors, but no one can stop it if a certain country's currency gets weakened due to certain conditions. Almost every country has experienced currency weakening caused by several events and what we are most familiar with is the monetary crisis, inflation and recession. The United States has much better resilience compared to other countries and admit it or not, this is a superpower that is quite powerful, they have a system that regulates other countries to pay debts or buy goods using their currency as agreed.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.
In relation to bitcoin which is expected to reach a price of $ 1 million, in my opinion, there is no need to wait for the dollar to collapse. If we remember very well that the previous ATH was close to that number and was this process caused by the collapse of the dollar? Cycles, supply and demand may have been one of the triggers and the impetus for the dollar's collapse has no relevance that I can explain, considering that there are many things that need to be studied and as assumptions it is possible but the correlation with references I have no answer.
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?
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.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.
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.
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.
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.
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.
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.
It varies from where we're living but mostly with the affected countries especially USA and other first world countries, they'd surely get the huge impact and hit of that if ever inflation isn't a lot.
The thing if Bitcoin hits $1M and people from those countries can't cope up with the economic situation then, how much more are those from the developing countries.
That is the reason why it varies and depending on how we're dealing with this tough times and more inflation rates.
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.
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.
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.
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.
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.
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.
While I am a big fan from Robert Kiyosaki and read all his books, I find this prediction a bit extreme. Don't get me wrong, I am optimistic about Bitcoin and also think that the long-term price for Bitcoin is going up. Maybe in the best-case scenario 1 million USD could be paid for 1 BTC somewhere in the future. The question would be if this would happen in future where the economy crashes or the economy is in a boom phase. To me it seems very unlikely that during a big economic crisis we are going to see a new ATH of 1m for a BTC. The main explanation is that during a big crisis everybody is hurting, many companies collapse and people are losing their jobs. Who can afford during such a time to spend 1m on Bitcoins? The poorer people are struggling to pay their living expenses whereas the rich people will happily purchase all the companies in default cheaply. To me it seems much more likely that we are going to see new ATH for Bitcoins when the economy is in a boom and people have more money to spend. The crash of the USD could be one way to push BTC upwards, but right now this is not realistic as most countries still use the USD every day.
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.
No doubt, BRICS (that group is even having more interested countries come join the original five) will pose a big challenge to the American economy because of its attempt to move away from the dollar. Nonetheless, I think the $1 million prediction by Mr Kiyosaki is an open ended one. If there's no mentioned date to a prediction, it's a wild goose chase. It's like a priest pointing in his congregation and saying he saw someone dying without putting a name or face to the prophecy. It's a mere guess work and should be taken lightly for it's as porous as a watery pap.
I agree that Bitcoin will have a great run going forward but I don't imagine it getting to half a million even in its next two ATHs which will be this incoming one expected in 2025 and the one after it in 2029. Kiyosaki should put a timeline to his prediction next time.
I agree that Bitcoin will have a great run going forward but I don't imagine it getting to half a million even in its next two ATHs which will be this incoming one expected in 2025 and the one after it in 2029. Kiyosaki should put a timeline to his prediction next time.
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.
But this will not lead to the fact that bitcoin will reach such a price. If it happens that the world economy undergoes such a collapse, then all systems will collapse. I have already seen how, during a crisis, bitcoin is perceived as a high-risk asset and they do not want to invest large amounts of money in it. So in this case, bitcoin will also be subject to a significant decline, it will grow when the bull market comes and I'm not just talking about the bull market, but about all markets, because for a big increase we need positive, then people are ready to invest big funds into prospective assets. 
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.
The BRICS will crash the US Dollar, but nobody knows - maybe 20 -30 years. The probability for this happening is very high. Think for a second that If a about 40 to 80 countries reduce their USD holdings by just 20% that is enough to create an avalanche and galloping inflation in America. De-dollarization is just what make sense for all other countries. These countries just want to protect their assets which the US Dollar doesn't do. Using the dollar makes them opened to sanctions and asset seizure. For these countries, the dollar is basically, a tool of oppression and suppression.
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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.
When the world economic crash happens people won't trust anything easily and since 100% people don't know about bitcoin they suddenly won't trust anyone on bitcoin. But those who know about Bitcoin and already have some investments, they can choose Bitcoin to keep their money safe at that time. The price of Bitcoin may even cross a million dollars in the future when everyone in the world starts believing in Bitcoin as a strong asset and invests in it because the total supply of Bitcoin is very small relative to the world's population. 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.
Bitcoin has a certain threshold value. And it is hardly 1 million dollars. Who needs bitcoin at 1 million dollars? Are you willing to wait a century to earn x2? That's the big question. Probably the maximum price will not be higher than 150000 dollars. We will see soon.
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