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.
At that point the price of bitcoin will be irrelevant, what it will matter is its value, which by the way is not the same thing, I am sure that if we got to that point those holding bitcoin and gold will be able to leverage their position and buy way more than what its price indicated if they just negotiated for a better price, similar to what happened during the 2008 crisis at the US when real estate was sold for a 50% discount at the peak of the crisis.