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.
We all know a lot of predictions in the market and even though we have a lot of predictions no one can still predict the market accurately so most of the predictions do not really matter since the cryptocurrency is still a huge risk so at any moment the market price of Bitcoin or cryptocurrency could easily crash without some sort of warning, in the end. This means we didn't know what was going to happen when we were hit by the global economic crash probably said that the market price was going to hit 1 million dollars it could still probably hit the opposite, I mean when the war hits we notice that the market price drop a huge percentage so there are always a possibility that the market price could drop so there is always a huge risk involved.
Truth here is there was no basis of the market price of cryptocurrency since the market price is just depending on the supply and demand in the market, unlike some tangible assets there was no sort of proof that it is still going to be valuable in the coming years, we dont really know if on 2030 cryptocurrency or Bitcoin is still going to exist or still sustain its market price.