Quote from: serveria.com on September 13, 2023, 10:21:41 PM

Quote from: virasog on August 20, 2023, 07:05:44 PM

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 think that when we'll witness Bitcoin withstanding the pressure of economic recession that would mean Bitcoin has matured enough to replace fiat completely. I'm sure this will happen eventually the question is when not if.

Regarding money printer I'm sure it can go brr forever...

The price of Bitcoin reached $68,270 yesterday, which was very close to its all-time high of $69,044 in November 2021. Thus, about a month and a half before the halving, to the surprise of many, Bitcoin almost set a new price record. Typically, this pace of bull season is expected after 6-8 months and up to a year.
In this regard, forecasts for its price in this 2024 and next year have become more optimistic and are already several hundred thousand dollars.

But I don’t think that even in the event of an economic crisis in the global economy, Bitcoin will be able to reach a price of one million dollars. I don’t know how many people want to buy Bitcoin for several hundred thousand dollars, knowing that after some time its price may fall by 70 percent, as has happened before.
But in any case, Bitcoin or other decentralized cryptocurrency will never be able to replace the fiat money of states. First of all, the states themselves will not allow this.