Post
Topic
Board Economics
Re: Economic Crash may take bitcoin to 1M dollar
by
tread93
on 24/08/2023, 02:13:06 UTC
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.

Truth is that we have been seeing this economic crash in real time, it's just in slow motion. Right now with interest rates the way they are and inflation the way it is, the only logical track is that the dollars will be spread so thin soon that the entire building will collapse! Right now the building is still holding up, but there are so many problems and support is beginning to show signs of fracture! So people see that figure on BTC and laugh and say no way, but those are the people that don't understand the first thing about money lol