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.
Speculations is the best thing to rely on when the next direction of the market is uncertain but I think Kiyosaki is going off point. This is not the first time many have predicted tbe price of bitcoin to hit $1m but till today, we are yet to hit $100k target since launch. I'm not saying it's not possible but when making predictions, there should be corrected factors. Too much dependency of predictions will live you disappointed and with time, your talk will be of no use to the public, only talk when you think it's necessary, not figures that are unrealistic.
Even with Economic harsh, we shouldn't forget what has happened last bull run, you can't expect the next bull run to be smooth if we don't address why the bitcoin has collapsed back to 15k low after making all time high od $58k, the price will still collapse even if there should be another bull run because of trust issues.