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.
I neither support nor reject this prediction from Kiyosaki, as far as I am concerned, he has fallen in love with bitcoin and has confidence in bitcoin for the long term but if we talk about the global economic collapse it means there will be many changes and also negative impacts that will affect the whole investment instruments include gold, maybe the price of bitcoin will fall temporarily but will immediately rise as usual and in the last few years investors have admitted that bitcoin's volatility can never be eliminated.
There are also quite a lot of people who see Bitcoin as a hedge and perhaps this is the basis for Kiyosaki's prediction that Bitcoin will fly to $1 million when the global economy collapses.