Bitcoin Forum

According to the Finbold article, ‘Rich Dad’ R. Kiyosaki predicts Bitcoin to $1 million if the economy crashes (https://finbold.com/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.

During economic crashes, EVERYTHING sells off.  I mean, everything.  Let's go back to 2008..nothing was safe.  I remember selling a nice Rado watch because I simply needed the money for like 25% of what I paid for it, because that the best offer I could get.  All collectible items were dirt cheap for years (still regretting not buying a Babe Ruth card I really wanted, plus the Michael Jordan rookie card..they were dirt cheap).

Bitcoin is still a highly volatile asset.  Not only am I certain it will crash, it will crash harder than most asset classes. 

USD's downfall isn't Bitcoin's come up. Bitcoin's come up is bitcoin's come up. These two currencies while working hand in hand aren't connected substantially. Quit with the comparisons and suppositions that when USD crashes/the economy crashes bitcoin will be able to pick it up and rise in value. You can't suppose that especially when economic crashes happen and everyone is going to scrape the bottom of the barrel. People will sell everything they own, including bitcoin, if given the chance. So there's no reason for you to think that just cause USD's coming down it automatically means that bitcoin's going up. Just cause your neighbor lost their electricity cause they can't pay the power company doesn't mean that you'd get the power she's supposed to get.

There are speculations that current dip of bitcoin is because SpaceX selling its 373 million worth of Bitcoin. If just a tweet or small news can take down value of bitcoin by 10%, imagine what conditions will be during economic crisis. Bitcoin is never designed to replace fiat, it has its own reason of existence. Bitcoin will continue to live beside fiat.

Dunno this sounds more like a pipe dream to me because bitcoin prices correlate a lot with stocks lately. That means when the markets crash, bitcoin will also likely crash along with the markets. It happened recently to… The Nasdaq went down and bitcoin also went down. Bitcoin act like a leveraged index fund for the last 2-3 years at least. In an environment like that I can’t expect bitcoin to swim against the flow. I don’t know what Robert thinks here but I am not buying this one.

We have seen article like this numerous times isnt it and here we are still even hoping that Bitcoin will reach $100k.


50 years from now provided that if there isnt anything that could match bitcoin as a safe haven but even then, I believe that its not going to be that smooth


Anyway, if things actually crash then we are in deep shit for a while even if you hold bitcoin. I'd rather the world function normally with all its economic aspect but people shift slowly to bitcoin rather than all the other type of 'investment' out there.

IMO the influence of the BRICS on the US dollar is greatly overestimated. The dedollarization is not happening anytime soon.
The greatest enemy of the dollar is really the FED and stupid government policies like the covid lockdown and then stimulus. Leave the economy alone, let people trade - laissez faire FFS!

It's not the war in Ukraine that's killing the dollar, not cryptocurrencies, not BRICS, not the Saudis, and not the global warming. It's the money printer that's doing it.


That's it, the bailouts are killing it. They should companies to suffer consequences of taking too many loans. Instead, they think everything can be fixed with enough printing. Not anymore.
Bitcoin is a strong and safe store of value. The only reason it reacts to the markets is because people who trade stocks also trade bitcoin and they treat it as one. Traders aren't the only ones investing in bitcoin though.

If a big crash happens Traders will dump everything in the first stage of panic probably crashing some exchanges to the extremes, like in the Covid crash. Maybe even to 10k if we se S&P go below the 2022 lows and then below 3000, we could see bitcoin at 10-12k. I don't think that it will happen before the next bull run.
The way I see it, US economy will go through a relief stage when the FED stops increasing rates and this will correlate with bitcoin's halving, presidential election and ETF approval. If there's a big crash coming it will come after that. Maybe in 2025?

It was just a matter of two or three days ago when people were investing in US dollar instead of BTC because of good returns from it. Millions of market cap just vanished in few minutes. People were finding another source, proof is bond yield were increasing.

Point is you said dedolarization seems obvious just due to BRICS or debt ceiling or high inflation etc. But tbh I think that will not happen because US dollar has huge market cap and huge solid base which can not be shook by such programs which do not even finished 50% even.

Coming to economic crash then nothing is for sure that either BTC will reach to 1 Million dollar or not because it seems so fictional. Tbh, I pray that economic crash will not happen. Because even as a holder of BTC my life is highly connected to social and physical world if economic crash occured then it will not be a good thing for everyone the sentiments will change. Crime rates will increase.

bitcoin is not based on US economics of debt..

bitcoin is actually based on the economic of mining cost

imagine the cheapest most efficient mining cost on the planet..
that is the base underlying value (bottom) no one wants to sell below

imagine the expensive, least efficient mining cost on the planet..
that is the top premium no one wants to buy above

the market then speculates between that window. and yes its been proven many times before at all the price corrections and ATH's

.
now IF the 2021 was a $10k-$75k value premium (market sat within this)
now IF the 2022 was a $15k-$110k value premium (market sat within this)
now IF the Q2 2023 is a $20k-$140k value premium (market sat within this)

then for a $1m market possibility... the electric/economics of bitcoin needs to 8x inflate to make the window reach to atleast $1m for the market to then speculate within

so we are not there yet

thing is. When financial crashes happen it doesn't just affect the stock market, the USD, or whatever is connected to the dollar at that particular moment. It affects everything. Houses are getting sold, wages are getting reduced, people are getting laid off, and of course, in response to the growing need of the people for more money else they starve and die, it's only logical that people will sell their bitcoin holdings in the process. Which I don't need to tell you, will significantly whittle down bitcoin's value by a massive margin.

So when you suppose as if bitcoin's going to be the future of currency after a massive economic turmoil, that's a fool's thought.

What's the point of buying bitcoin at $1 million dollars? How many centuries will we have to wait for bitcoin to become worth 2 million dollars - that is, to get only 2x? The higher the price, the less sense it makes for speculators to trade this asset. We will see.

This could be the reason why most newcomers are advised to get Bitcoin now to take advantage of the price growth when that time comes.

Some food for thoughts: The earliest adopters of Bitcoin didn't believe Bitcoin's price will get as high as $20K when they consider the 21M total supply and the zero interest in Bitcoin at the time. As the price goes higher, Bids will get thinner as the window to get good profits for each bitcoin get shortened. But since $100k and $1M are psychological levels, I won't be surprised if it reaches those levels and beyond. You don't need to buy $1M BTC, you can still get in sats denomination.

During the pandemic, we all thought that the market including Bitcoin will have a downfall but it didn't. Instead, the rich became richer, stocks have increased and the same goes for Bitcoin for which it is not a coincidence that the halving and pandemic did occurred on the same year. While we're expecting that the pandemic will do no good to Bitcoin, it was actually the opposite that happened. I know that someday that Bitcoin will reach $1M but yeah it could happen during a great crash of USD or when is inflation is on another level of its high. Global crisis could be the biggest factor why it will happen just as said. But you know that it's Robery Kiyosaki who's always been a bitcoin bull.

US Dollar index spiked in 2008 around that time before the effects of QE bought in a easing effect that has likely weakened the currency standard forever.  Same with recent moves, despite an attempt to reverse and compensate its still likely going to lower paper value of the currency.  They only want that to occur in an orderly way rather then disorderly spiking but its true anyway that we see the market go to both extremes up and down which is disruptive and destructive to the flow of business especially across borders.   Many governments go to great effects to stay in line with dollar moves, weakening their currency if possible to avoid any strength vs dollar and discouragement to trade done between their countries.
    I do generally disagree that weak dollar will not be a magic recipe for higher BTC (destructive moves in any asset are not the best hope to keep), probably also it means bad markets and lower BTC eventually maybe BTC does find a better hold on value so the price especially in a nominal way does rise.  Nothing will be easy about it as we are seeing currently, yet more selling and doubts etc.

Bitcoin is not depend on any country so maybe more people should do the same thing like turkish people who adopt btc although their national currency in in extreme inflation. I think if mr kiyosaki predicted that btc can reach 1m then maybe I will believe it.

South Africa is on the verge of collapsing and the other countries in BRICS can't even meet an agreement to find a match against dollar so they can start de-dollarization so I don't see them as a threat against US economy or that they can be a contributing factor to the economic collapse. I would lean more on the possibility of the crash as a result of the housing market bubble popping and the continuous money printing of the Federal Reserve but that don't mean that bitcoin is the ultimate safe haven asset because if US economy collapses, that's a major economy and it's going to lead to a market volatility that even bitcoin market will be affected because people are still scrambling on what to do which causes fluctuations as some will be buying because they want to safeguard their finances while others are selling because they have other obligations/responsibilities.

We don't even need to think about the world economy will collapse and what bitcoin will look like. But look at what happened during the economic crisis of 2022. When inflation is high, the Fed raises interest rates causing speculative assets to be dumped, and bitcoin is one of them.
So if an economic crash happens, don't expect bitcoin to go up and save us. That is just the thinking of bitcoin fanatics, but the reality will be quite the opposite. Many things will be more important than bitcoin at that point.

indeed, if the economy experiences a chrash, and many people will save their assets by buying bitcoin, I think that is also something that makes little sense for the current situation and conditions, considering that there are still not many people who understand bitcoin at this time, even only a small number of people do using bitcoin for now, on the other hand there is no clear regulation from the government, of course it reduces public trust in general, therefore things that might happen when the economy crashes, namely the crypto market will also be sluggish

I am also still considering whether BTC will be the much needed cushion that many people think right now. But apart from these circumstances, there are other reasons that are more relevant and make sense if I look at them, namely because many countries are still trapped in bad debt. , especially in the midst of rising inflation and rising interest rates which gradually led to a financial collapse and the rest of the Federal Reserve was judged to have failed to deal with the inflation situation.

And for BTC at this time the optimism of institutions and investors is getting stronger and Historically, we admit, the price of Bitcoin has always increased and happened gradually and that is a fact. Well, on the other hand, BTC is an alternative and investment investment product for which the demand is growing and increasing.

Yeah, well, good old Kiyosaki. His predictions have the same value as those of anyone else who knows a little about the subject. He already predicted the end of the world for 2019 or so and then said that he had not foreseen the massive printing that occurred with the coronavirus crisis.

Look, he's not the first to predict we'll hit $1M, the most famous one I can remember being the one who said he'd eat his dick on national TV if that didn't happen by 2020.

I'm sure we will reach that figure, both because of the appreciation of a valuable and scarce commodity like Bitcoin and the depreciation of the dollar, but I wouldn't expect it before 2030 or so.

Amen to both of those statements.  I've heard of Robert Kiyosaki and I know he's got some very devoted followers, but I don't think his prediction of bitcoin's price at any point in the future is as good as anyone else's (until we know how it all turns out, of course).  And it sure doesn't look as though bitcoin is headed to $1 million, does it?

I think there is a crash coming, but I'm expecting the stock market to take the worst hit, as it's been in a long-ass bull market and by the laws of financial gravity it's got to come back down to earth eventually.  Whether the crypto market also gets whacked....I haven't a clue, but if there's a panic where everyone is selling assets to get cash, ChiBitCTy's first sentence above is spot-on.  Seems like we're getting a little taste of it already, because this past week a lot of markets went down, including crypto and precious metals.  Definitely not a crash, but it might be a slow trend, or the start of something speedier, or could be nothing at all.  Time will tell, not me or you or Robert K.

It is important to approach discussions about potential market movement with caution, whether in stocks, crypto or any other market. As predicting severity and timing and  of their movements can be very challenging and wide range of factors can influence their prices. Whether Bitcoin reaches 1 Million dollar market or not is yet to be seen as there is no historical data available to validate such prediction.to economic crisis if there were economic meltdown, is yet to be seen, as Bitcoin has not seen any such crisis since its inception. During the period of economic difficulties, generally people choose to sell any asset to meet requirement of food and healthcare.

Economic crash will make every assets declining including Bitcoin.

Economic crash could make Bitcoin price to $1 Million as long as everyone know the safest currency in the world is Bitcoin!

This is the problem, most of people who own Bitcoin still think Bitcoin is highly volatile asset and only invest what you can afford to lose, sounds like gambling isn't?

Most of people wouldn't convert all of their assets to Bitcoin during economy crash, they still think fiat is the most reliable and safe currency.

As of now, less than 10% of the world's population knows about bitcoin, how its demand could skyrocket if our economy collapses? I still think bitcoin will be dumped as heavily as assets like stocks, and in that situation, gold is the choice of most people. Gold will bounce, not bitcoin. Even we ourselves are looking at bitcoin as a high-risk speculative asset, don't expect others to have demand for bitcoin when the world economy collapses.
Everyone always says bitcoin is an inflation hedge, but honestly, how many people have accumulated bitcoin when inflation hits in 2022? If people accumulate bitcoin, why is it dumping?

I'm not sure if I'm misinterpreting it, but anyone's speculation about the economy sounds abstract and unconvincing from the grounded statements. Similar in respect from those who oppose the bitcoin market, someone claims that bitcoin has no value at all :)

Actually for me who has always believed in the success of bitcoin over time, but more realistically in the context of where we are now and what is going on around us. Maybe someday we'll hear about the value of bitcoin reaching new ATH, but the current context I prefer the real thing.

I do not know why someone still takes Robery Kiyosaki seriously. He is known to make many predictions and mostly fails. The news is not his recent attempt to bombastically predict economic crashes.

Besides, there might may too much unpredictability in the aftermath of economic crashes, bitcoin does surely a brand new thing that offers options for people, but to solely conclude they will choose Bitcoin where it will take into 1m dollar is rather, I think an unlikely scenario. A lot of other factors need to be considered, essentially the utility cost, things like the cost to produce bitcoin surely a more important factor that inherently contributes to the prices of bitcoins.

Robert Kiyosaki is looking for another wave of attention. Let's think, if economic crashes, then how will Bitcoin's price rise? Does anyone think that people will register on Binance and invest all of their funds to buy bitcoin? Seriously, where does the expectation of rise come from? Investing in bitcoin during economic crash looks like building a house during a war.

Also, there is a thing that I want to say. Economic Crash is a manual thing, all of these famous people talk about it because they want it to happen to benefit themselves even more and make rich richer, poor - poorer. Why should economic crash happen? Can anyone explain? If I and you work today and create wealth, why should we be in chaos tomorrow? Logically, no, we shouldn't be, people work like they were working yesterday. Today they woke up and there is an economic crash, that's done intentionally!

De-dollarization doesn't necessarily mean the crash of the US dollar. De-dollarization might lead to further devaluation of the US dollar instead of a fast and rapid crash. The British pound was the global currency 100 years ago. Now, the British pound is just one of the global currencies, but it didn't crash. The same thing might happen with the US dollar.
Robert Kiyosaki is no prophet and he's not even a macroeconomist. He's just a conman, who makes bold statements on social media in order to gain more attention(and more people buying his books and courses).
Bitcoin will hit 1 million dollars only when the US dollar becomes as worthless as toilet paper.
Most investors are running away from risky assets in times of economic crashes. Bitcoin is a risky asset.

Do not worry about that, the time will come when everyone is going to adopt the way how the Turkish people adopt it and the same goes for the companies that are based there. It's just so applicable and good for those countries with high inflation because that's how they can keep up with it, through the use of Bitcoin as payment and not just as a store of value.

It's just a prediction and everyone can say that. But just as him, I am also believing that it will happen whether he predicted it or not.

When the economy is falling apart, people will flock to prepare everything possible to survive, especially in surviving. Fulfilling the main needs of life, and supplies during a crisis are important points. I do not deny that in the future Bitcoin will reach such a big price, but if you link it to the global economic collapse, it means that we cannot just invest. Because what crossed my mind as an ordinary person with simple financial conditions would definitely be more focused on preparing myself to survive as much as possible. We can see that in the worst crisis that has ever happened, they only need food, drink, clothing, clean water, and a place to live.

I would like optimism to be based on something logical. In the last 3 global disasters or crises that occurred, Bitcoin was not a safe haven, and these crises did not lead to a direct increase in the price. I can be optimistic if the price of bitcoin is between 300k-600k, and then it can be easily said that if an economic collapse occurs, the price of bitcoin will be stable, which means more liquidity flows automatically, and therefore it is easy for it to reach one million dollars, but not at the levels of 30k to 60k, in which the price is strongly affected by traditional economic variables, let alone deep ones.

I'm not sure about it. To me anything beyond certain limit gonna bust or go valueless. Economic crash is common and this gets experienced on a cyclic basis. The recession will be experienced on different industries, the impact will be felt much when the same affect the essential services. This is where people struggle to survive, for now the inflation on food is much globally. The production were affected and we can't expect the economy to depend much upon bitcoin. People would come up with different resources and state the price reaching new high. How far this takes place in reality depends upon the adoption of bitcoin happening around the world.

It may, but it may also not happen and we do not know what's going to happen. We need to make sure that we are doing a good job and not really looking at this as a bad thing, it just doesn't make sense that way. I understand that not everyone enjoys unpredictable periods but unfortunately we are in one of those and even if we have economic crash (which I think won't happen) then we need to realize that we do not know exactly what price bitcoin will become.

We know that it should be higher, that is easy to predict but that doesn't mean 1 million dollars, we are under 30k right now, if it goes to 100k that would be nearly four times the size of right now, and that is going up too, which is why we can't exactly know.

the real question is when?
when will these events occur?
now, if we look at everything with a long see not infinite waiting time ok we will see a collapse of the western world and or btc at 1 million dollars.
But as a user pointed out to me in another topic, probably in that case the purchasing power would in any case be laughable to the current purchasing power of this amount...

A very questionable idea...
In the event of a global crisis, the value will be real assets, liquid ones. Bitcoin is a speculative asset, a surrogate for money, but nothing more.... I think in a situation with a global world crisis - people will choose a more liquid, more secured asset... This could be precious metals, real estate, currencies of countries with critical resources, etc.

Most time bitcoin is hardly to be predictable and we can't in any give assurance of how soon and how quickly the market could crashed down if there's an economic crash down or recession. Who knows bitcoin might be the safe haven where we could store our values as a form of preservation of wealth, one thing about life and its accomplisher is that we not may not know the true outcome and what it could holds. So the best is to look for what will help us in time to come and I believe bitcoin is another thing that could saved us from any form of economic and financial crisis and I don't expect bitcoin to go down low or even drop in values.

Bitcoin is part of the the economic team so whatever happens to the economy will affect the cryptocurrency ecosystem. As you said, when the economy crash that will be a benefit of bitcoin, that can happen if bitcoin is use widely in the whole world and in mostly, using it to buy things daily and every seconds then the rise of bitcoin is sure to the prediction 1m us dollar.

The matter the economic down meltdown in the world, US dollar will not give up. If the economic crash the stock market will also crash because the stock market is surviving because the economy is still strong. And if bitcoin is not widely used when the economy crashed then bitcoin will also be affected because the fiat that supposed used to exchange bitcoin is no more so bitcoin will be affected and later it will rise to the all time high because since no currency can compete with it. And all the whales will be storing their money in bitcoin so the price will be something else.

The direction reversal is likely to be shown if the economic crisis occurs again. Well, it's all driven by what the world wants because for now Fiat is a popular mainstay among the people in all fields. Now, if a reversal occurs where people's choice of Bitcoin increases rapidly, meaning that it is believed to be the safest asset and is resistant to global crises, will this shake the Dollar.

Something can happen beyond our expectations that it may not even make sense but the demand factor will increase the price. As far as that is the level of worries at massive inflation of course of course the best escape is owning Bitcoin. There is no exact prediction, but it is a strong reference if these people have a high imagination to reach a price of 1 million dollars.

To look at the scenario, USD downfall may trigger people to shift to Bitcoin.  Aside from that, deflation of value of USD means an inflate in price value of BTC in USD valuation.  Though I agree that Bitcoin's come-up is Bitcoin's doing itself,  in a scenario where USD is failing will give Bitcoin a chance if it is performing well as an alternative and/or people will be jumping out of USD and start acquiring Bitcoin for store of value or preserve their wealth.  Of course this can also be done to gold and other precious metal but in terms of portability, transferability and security, Bitcoin is the better choice.

Whether we do like it or not, or being that optimistic about Bitcoin in terms of economic crash then it doesnt really guarantee out that Bitcoin would really be the mainstream or would really be getting the spotlight.
Well, everything does have that kind of probability knowing that anything could happen on this space specially if the recognition and adoption would really be there but still not really that enough for me on making
myself that optimistic for this thing to happen.This is why i dont really anticipate that it would be reaching out $1M/coin which it is really that too far stretched basing up if ever there's some economic crash.
Dollar would still stay no matter what and there might be some problems but i dont really believe that it would really be erased out on existence.

That's the most likely outcome. We already saw Bitcoin crashes tied to macroeconomic indicators, like the crash at the start of covid, or crashes tied to stock market. Bitcoin is a high risk asset, high risk assets are not meant for crisis times, they are meant for calm prosperous times when there are spare money available.

if people want to convert their wealth into safe haven then it is difficult for people if they choose gold and silver because of security problem and the regulation, so choose bitcoin is a good option. what he said is quite reasonable. I think it is okay if we expect btc price to reach 1M in the future.

Months ago, a person made a stupid call that Bitcoin will hit $1M within 90 days and many people believed that Bitcoin will have a parabolic rise after that call. Nothing happened and the market is still in a bearish phase with which Bitcoin has been fluctuated around $30,000 many months before dropping to $26,000 recently.

I don't want to see any Economic crash which can help Bitcoin to hit $1M in short time because it will be a nightmare for all. In such Great Economic Crash, what will you be able to buy with $1M?

I don't know will Bitcoin ever hit $1M because at that price, with around 100  BTC, a Bitcoin holder can have more than GDP of some small nations. It sounds unrealistic in near future.

National GDP constant USD (https://ourworldindata.org/grapher/national-gdp-constant-usd-wb?tab=table)

I also find it funny and can only smile when I read it and I think the creator of the post just wants to see a response by asking for possibilities that don't make sense, Yes. just an ordinary post in my opinion. Well, I think that's just a prediction from an expert who can see the future, maybe. and even that is the prediction. If the entire global economy collapses by making an estimate if Asset A will be of this price, Next, asset B will be and finally BTC will reach $ 1 million as OP wrote in the title of his post.

I'm not sure if Kiyosaki is a relevant voice or an authority in such matters, or if he has sound bases in his analysis, if it deserves to be called one. However, it seems the man isn't objective at all. He's always been on attack mode against the economy and the USD. He's been a broken record.

When the economy crashes, money would be hard to find. People would more likely to default their loans and mortgages. While there may be some who will be having a hard time looking for the safest haven to store their wealth, the rest, the huge majority, will probably be having a hard time looking for what to sell in order to support their basic needs.

In a severe economic crash, the selling pressure might prove to be much stronger than the buying pressure. Bitcoin might fall rather than rise.

If this happens, how long will it take?
I have read people's content and opinions, like I can say that bitcoin is worth $1b because it is accepted as payment for interplanetary travel in the solar system. Indeed such speculations are no different, from the price in the cloud or the worthless collapse of bitcoin, how it is actually happening, the future predicted like that it is very unconvincing. But I understand that the value of bitcoin is really increasing, so over the decade scale, with the development of science and technology, it will be more and more known and accepted.

It's silly to just want bitcoin to hit $1 million and pray for the world economy to crash, I really don't like this bad idea. In 2022 and 2023, we just went through a period of high inflation, but we can see how terrible the negative impact on people is. Many people are unemployed and do not even have enough money to pay for basic needs. If the crisis gets bigger, I truly believe that something worse will happen even if the famine returns. So I'm really against this idea.

Furthermore, bitcoin is a volatile asset that is speculative, I don't believe it will be an option when the crisis hits. What is happening is do not like the theory that we are imagining.

Safeheaven ? Not sure because if everything drops, mostly the currency, Bitcoin, will follow. I mean, we still exchange bitcoin with our own currency, and we know that our fiat is really the strongest, so if it crashes, how will we exchange our Bitcoin? Also, I think this is also the gold and silver that would be the safe haven of the people because, first, people are still skeptical of Bitcoin and also because other countries have banned it, so I'm not really sure what will happen, but it would be bloody again if ever it happened.

I think this is very wild opinion and speculation and I don't like that, although it is possible that the value of Bitcin will increase much more in the future but it's not that crazy, I'm still realistic.
If we had to wait for a major economic crash to occur in the world to see the value of Bitcoin so high, it would be possible when a world war happened and money would no longer matter and neither would Bitcoin, I think that is very strange.
let's just think realistically, being optimistic is okay but still in a reasonable category.

I also believe that the BRICS countries do not pose a serious threat to the dollar. They still can't even decide what common currency they will use. Therefore, I see no reason for the collapse of the dollar and the world economy. But if that had happened, then Bitcoin would not have risen in price so high, right up to one million dollars. At its current price of $25,000, even a price of $100,000 is still out of reach for it in the short term. Many hoped that against the backdrop of a worsening global economy, bitcoin would rise sharply in price. However, this did not happen. Cryptocurrency has been more influenced by various economic factors than previously thought.

Bitcoin is volatile to an extent that a small news of 373 million USD worth of Bitcoin sell by SpaceX has caused Bitcoin value to go down from 30k to 26k within hours. I do agree that if there is economic chaos nothing will be safe. We still have very limited adoption of Bitcoin and there are not many merchants that are accepting payments in Bitcoin. The big question is what we will do with our Bitcoin if fiat like USD crashes? Bitcoin is still accepted only by the community.   

So-called "experts" like to talk a lot, but when it comes down to it, not many of them really understand what Bitcoin is worth. Finbold and 'Rich Dad, Poor Dad' Kiyosaki? There might be something to that. If the economy gets worse, Bitcoin won't just be a backup, it'll be a bird rising from the ashes

How about the BRICS? Yes, there is a change in power, but let me be very clear about something: the dollar won't just "crash." Governments don't just sit around and do nothing; they have plans, tools, and back-up plans. Still, the big question is how long they can keep the fort

Think again, all you questioning Thomases who think Bitcoin will go down with the markets. Even when markets shake, Bitcoin stays strong. This isn't just a financial fluke. It will come back bigger and stronger than ever. And if the change happens slowly around the world? Bitcoin might be the best thing ever without a hitch

Anybody is free to make predictions based on their findings or expectation. But these predictions should be based on reliable facts that make economic sense.  Am not a fan of Kiyosaki because some of the financial advice in his books conflicts with many sound economic principles. Recently, he has been a fan of bitcoin and it will not be out of place to suspect that he is promoting Bitcoin because he might be holding some coins.

Although the BRICS nation can boast of 40% of the world population, they don't have to financial strength to de-dollarize the global economy. Many economies will collapse without the dollars. It will take decades to dethrone the dollar as the king of all currencies.

I share your thoughts buddy. When the global economy crashes, people will lose confidence in most leading fiat currencies and bitcoin will become the most reliable currency. Nations and major firms will choose bitcoin to avert financial breakdowns in the future.

The opinion put forward by R kiyosaki, in my opinion, is too exaggerated and unrealistic. Because if the world economy collapses, won't this have an impact on humanity, and on investors in cryptocurrencies such as bitcoin? In my opinion, it will definitely be affected. Because if the world economy collapses, it is certain that everyone's life will be more difficult, especially people who have middle and lower economic conditions. So even logically, everyone including investors in bitcoin will definitely be affected and most likely many will withdraw the bitcoin assets they have for their personal lives with their families. And besides that, when the world economy really collapses, in the minds of investors in bitcoin there will definitely be feelings of indecision, fear and anxiety. Because when the economy really collapses, for investors it is like bad news that will affect the market price of bitcoin to fall. And therefore it is highly likely that investors in bitcoin will withdraw their assets. So in essence, I do not agree with the theory or opinion of R Kiyosaki.
Currently, the countries that are members of the BRICS clearly want to compete with the dollar. By creating a new currency, which is planned to be made of gold and silver (correct me if I'm wrong). So on this I agree, that the dollar may sooner or later be shifted. But whether the plans made by the BRICS, for example, can make the dollar destroyed. Will this make the bitcoin price go up? Look at the opinion issued by R kiyosaki
Source: https://finbold.com/rich-dad-r-kiyosaki-predicts-bitcoin-to-1-million-if-the-economy-crashes/

What he means here is probably about the new money that will be launched by BRICHS which will be made of gold and silver (called god's money) And for the first cryptocurrency he bought is bitcoin (called people's money).

My personal conclusion, I believe that in the future the price of bitcoin does have a great chance to have a value of $ 1 million. The second conclusion is the dollar, which is likely to be rivaled, but the dollar is a strong currency, so it will definitely take a long time to overtake the dollar. And the third, regarding gold, silver and bitcoin, which in his view will dominate the entire world's finances, and in my opinion, this opinion is too much.

You are absolutely correct. People may choose to convert their assets into safe heavens like God, Sliver and Bitcoin during the period of economic uncertainty and instability. It is also true that there are challenges linked with investing in traditional physical assets. Bitcoin with its features of its capability to be stored electronically and rapid transfer from one to another wallet makes it a compelling choice.

That's true under most circumstances, but the current technical recessions that have been happening in some regions of the world are different from 2008 because of inflation. And currently it's sticky because there's too much money in circulation. IE the Netherlands. They are currently under a technical recession but inflation is at the upper-bound limit making the situation more complicated. Do they ease monetary controls to help the economy, or do they tighten to get the job done to control inflation? If they ease they might risk their currency go into hyperinflation, and if they tighten they risk their economy fall into a depression.

Bitcoin for $1M soon? I want to believe this with all my heart. I mean, who on this forum doesn't? Ant I don't think it's as unrealistic as aliens visiting Earth next year. Why? Because aliens have never visited Earth, while for BTC going 33x up(like it would be from today's price to $1M) isn't something unusual.

Only I don't think that a global economic crash is a necessary factor.

When there are economic problems it will have an impact on investment, as we know that the unique thing about cryptcurrencies is that they can do the opposite, when the covid 19 problem occurred a few years ago but the performance of cryptocurrencies could skyrocket, and when the economy is getting harder then many people will use cryptocurrencies for investment.

There are events that actually don't really deserve to be associated with the performance of cryptocurrency in the market, for example like covid 19 which actually happened to coincide with the moment of market recovery and cryptocurrency so that most people think that cryptocurrency will not have an effect on the incident of covid 19.

Even though that's just because of the moment the market was recovering and coupled with the moment when everyone could not carry out their activities longer outside the house so that almost everyone took the opportunity to enter the crypto market and buy Bitcoin so that the price spike at that time was felt and clearly visible. So don't assume that it doesn't have any effect, because if Covid 19 hadn't happened, maybe the price increase wouldn't have been as sharp. Although Bitcoin itself did have time to increase at that time.

Bitcoin is in an economy, so when that economy crashes how's Bitcoin going to appreciate?
Everybody, and I mean every single person that has an influence on Bitcoin in the market (I'm talking of those selling, those buying, and those holding) will be affected by an economic crash. It is these people that determine the price of Bitcoin.
Bitcoin price is not determined in a board room or something, it's determined by the market and when the players in that market are all suffering one way or the other, there's no way the price of Bitcoin doesn't take a major hit.

It's simple demand and supply. If the economy fails (which may not happen) people would begin to sell off their assets to take care of other pressing needs and we all know that Bitcoin price drops when people are selling. So do the maths.

A statement like OP usually assume that Bitcoin price is independent to the economy which means lesser value of dollar means high value of Bitcoin in dollar since Fiat buying power is decreasing.

People assume that everyone will buy Bitcoin when USD crash due to economic crisis without even considering that investing is not the top priority during economy failure but rather securing personal needs.

I agree on what you said above.

The price of Bitcoin reaching a valuation of one Million dollar is a hypothetical scenario based on speculation. However, If its price really hits 1 Million dollar mark in the next bull run, it would likely reflect the strong demand of this valuable asset, and some experienced investors would still choose to invest in this cryptocurrency, anticipating further appreciation in its price driven by continued demand.

One million dollars is an astonishing figure, something I never really envisioned happening easily. Even in the face of economic turmoil, does that mean gold has lost its allure? And do all BTC users truly concur that Bitcoin's value reaching millions of dollars per unit is the way to go?

Gold has proven itself as a safer haven thus far for combating inflation resulting from economic collapses. If the US Dollar were to encounter a crisis, there are still other currencies that could serve as a global alternative, boasting substantial strength—such as the Euro, Pound Sterling, or perhaps the Chinese Yuan. Yes, if BTC were to be sought as a refuge against economic breakdowns, it might indeed yield benefits for me, but is that truly advantageous in the long haul? I believe not.

Gold and perhaps certain stocks still remain unaffected amidst the transpiring crisis.

Truth is that we have been seeing this economic crash in real time, it's just in slow motion. Right now with interest rates the way they are and inflation the way it is, the only logical track is that the dollars will be spread so thin soon that the entire building will collapse! Right now the building is still holding up, but there are so many problems and support is beginning to show signs of fracture! So people see that figure on BTC and laugh and say no way, but those are the people that don't understand the first thing about money lol

The United States is not going to let its currency fall for long because if it did they would be in big trouble. So the potential to provide bailouts to make their currency exchange rate stable is definitely a must. I don't see the long process of the dollar's decline because there is a way for them to recover and that happens in decades, unless there is a full-blown crisis that may take time to stabilize.

I haven't found a $1 million markup for bitcoin in the near future or this year. But it is possible that if a world economic crash were to cause a spike in the price caused by a few people trying to buy bitcoins, thus beating the average purchase price would allow bitcoins to exceed its predicted price as the laws of supply and demand apply. Vice versa if bitcoin experiences a downward or sideways blow and there will definitely be a moment that makes it recover.

We can see as an example when Covid-19 occurred and even though it was initially corrected, in the end bitcoin also got a new ATH moment the following year. This is the power of bitcoin that can give people a great deal of confidence to hold onto and there is always a way for bitcoin to arrive at a four-year process. So there is a conclusion why people will continue to invest their money in bitcoin even though the world economy is experiencing big problems.

Bitcoin price is unpredictable but to say that bitcoin will hit $1 million thanks to the economic crisis, I don't believe it either. So far, bitcoin has been considered only a speculative asset and as we have seen. Bitcoin dropped in price quite a bit during the economic crisis of 2022, it was not sought after by everyone as a safe haven like gold.

But if the development and demand for bitcoin increases over time then I believe 1 million USD per bitcoin is possible. But it's not the economic crisis, it's the demand.

I have a different hypothetical scenario contradicting the general belief of people that Bitcoin will outperform during the difficult economic periods. Bitcoin's past behavior and particularly its correlation with stocks market during the bearish period of 2021 and 2022, when it used to get affected by CPI reports and interest rates announcements. This pattern suggests that during the times of economic crisis when interest rates are high, people don't have extra funds for investment, that's why all high risk markets tend to decline including Bitcoin.

In summary, It is possible that in future Bitcoin price will rise to 1 Million dollars, and this might occur during the times of economic prosperity and loose monetary supply policies.

People are also not wrong to think that bitcoin will do well in times of economic crisis or inflation because in theory bitcoin was created to overcome that with a limited supply. But the reality is quite the opposite because bitcoin is still considered a speculative asset, it is not really considered a safe haven as we would like. That's really what's going on and people don't accept that reality.

But in the future things could change as bitcoin becomes more and more popular and widely adopted. When it reaches a certain level, it will no longer be a speculative asset but will instead become a store of value or a safe haven.

It’s all hypothetical but bitcoin could definitely reach $1,000,000. The thing is, in the event of a major economic crash & what that brings, money printing etc, what will $1,000,000 buy you?

I will take my chances though because $1,000,000 per coin would be great. I think we are looking at post 2036 halving for that kind of price though.

A lot of people want to see a $1 million price, unfortunately a lot of people don't want to buy when the market is as good as it is today, they will regret it when the $1 million price occurs and think they want to buy when the price is cheap, just like it did when the price was $60k or more people want to buy when the price is cheap, the opportunity is still there and don't waste time just hoping without wanting to buy.

I don't know where you did the research on this so you say a lot of people don't want to buy in the current conditions. Because I also don't think that everyone who wants to buy Bitcoin at this time should tell you in advance even though you already think that the current market conditions are in good condition, while other people don't necessarily think so so there are still those who don't make purchases. Although in general Bitcoin always has buyers in the market and it can be seen from the price movements that are still visible in the market.

That's right, many investors are driven and driven drastically by their emotions and perceptions of the market... I was able to evidence this currently when the price of Bitcoin fell to 26k, friends of mine who are investors had a part invested in Bitcoin and they didn't mind losing a part part and sell it for fear that it will go even lower.. The phenomenon you mention, where people wait for the price of an asset to reach an extremely high value before buying it, is known as "FOMO", or fear of missing out. In the case of Bitcoin, this dynamic has been evident at various points in its history, when the price is rising and reaching significant levels, many investors may feel that they are missing an opportunity and try to enter the market despite the higher prices..

I'm not sure if the economy collapses, bitcoin will actually soar, as we can see when the economy is in crisis, of course, assets that have sentimental sentiment towards the world economy will experience a sharp decline, some time ago when we were threatened with an economic recession, all assets experienced a decline, including bitcoin, which experienced a decline which is very significant, bitcoin will soar if there is a lot of money in circulation and the public has trust in bitcoin.
Some circumstances as a smart investor must understand the resistance of bitcoin to the world economy, otherwise it will be very difficult to recognize how to make a profit from bitcoin.

I do agree if the world economic crash Bitcoin will be the first option for people to move from their fiat currency, and it definitely coudl lift Bitcoin price and 1M USD is not impossible. But that all being said, I don't think the current economic situation is that bad, it's recovering, the fall of USD does not mean the world economic is crashing.

Bitcoin has a certain threshold value. And it is hardly 1 million dollars. Who needs bitcoin at 1 million dollars? Are you willing to wait a century to earn x2? That's the big question. Probably the maximum price will not be higher than 150000 dollars. We will see soon.

When the world economic crash happens people won't trust anything easily and since 100% people don't know about bitcoin they suddenly won't trust anyone on bitcoin. But those who know about Bitcoin and already have some investments, they can choose Bitcoin to keep their money safe at that time. The price of Bitcoin may even cross a million dollars in the future when everyone in the world starts believing in Bitcoin as a strong asset and invests in it because the total supply of Bitcoin is very small relative to the world's population.

The BRICS will crash the US Dollar, but nobody knows - maybe 20 -30 years. The probability for this happening is very high. Think for a second that If a about 40 to 80 countries reduce their USD holdings by just 20% that is enough to create an avalanche and galloping inflation in America. De-dollarization is just what make sense for all other countries. These countries just want to protect their assets which the US Dollar doesn't do. Using the dollar makes them opened to sanctions and asset seizure. For these countries, the dollar is basically, a tool of oppression and suppression.

Anything obvious should not equate to a crash, a crash is when the market fails to anticipate an event ahead of time hence the sudden changes in price.   What is confusing some is the crash and boom effects can mirror each other, if currency does degrade alot it can mean less debt burden on those who had owed money in that currency.   Its not straightforward but best described as volatility or ongoing uncertainty in pricing; this also is not a positive as business requires stable prices in order to distribute and plan the sale of goods best.

But this will not lead to the fact that bitcoin will reach such a price. If it happens that the world economy undergoes such a collapse, then all systems will collapse. I have already seen how, during a crisis, bitcoin is perceived as a high-risk asset and they do not want to invest large amounts of money in it. So in this case, bitcoin will also be subject to a significant decline, it will grow when the bull market comes and I'm not just talking about the bull market, but about all markets, because for a big increase we need positive, then people are ready to invest big funds into prospective assets.

No doubt, BRICS (that group is even having more interested countries come join the original five) will pose a big challenge to the American economy because of its attempt to move away from the dollar. Nonetheless, I think the $1 million prediction by Mr Kiyosaki is an open ended one. If there's no mentioned date to a prediction, it's a wild goose chase. It's like a priest pointing in his congregation and saying he saw someone dying without putting a name or face to the prophecy. It's a mere guess work and should be taken lightly for it's as porous as a watery pap.

I agree that Bitcoin will have a great run going forward but I don't imagine it getting to half a million even in its next two ATHs which will be this incoming one expected in 2025 and the one after it in 2029. Kiyosaki should put a timeline to his prediction next time.

That depends on bitcoin to dollar relationship in perspective of economic crash. Like if most of the people or entities think that Bitcoin and a dollar has strong relation then definitely whatever changes are happening in fiat world will affect the Bitcoin straight on the face. On the other hand, it doesn’t seem to be that strong relation because Bitcoin is way steady since many months now. Yes it’s price is way lower than it’s ATH but that’s related to Bitcoin volatility. As such Bitcoin is not getting affected a dime with dollar depreciation. In fact it could have opposite effect on it and could lead to more investors getting involved in it to move the price above expectation.

While I am a big fan from Robert Kiyosaki and read all his books, I find this prediction a bit extreme. Don't get me wrong, I am optimistic about Bitcoin and also think that the long-term price for Bitcoin is going up. Maybe in the best-case scenario 1 million USD could be paid for 1 BTC somewhere in the future. The question would be if this would happen in future where the economy crashes or the economy is in a boom phase. To me it seems very unlikely that during a big economic crisis we are going to see a new ATH of 1m for a BTC. The main explanation is that during a big crisis everybody is hurting, many companies collapse and people are losing their jobs. Who can afford during such a time to spend 1m on Bitcoins? The poorer people are struggling to pay their living expenses whereas the rich people will happily purchase all the companies in default cheaply. To me it seems much more likely that we are going to see new ATH for Bitcoins when the economy is in a boom and people have more money to spend. The crash of the USD could be one way to push BTC upwards, but right now this is not realistic as most countries still use the USD every day.

The idea of Bitcoin hitting $1M is wild and we have been hearing about it for years. It never happens though because as you know, BTC has always been the rebellious when it comes to the market and its price. It has always being doing its own thing. There is no way one could predict accurately what the price is going to be. Sure, if there's a global economic meltdown, everything might take a hit temporarily, Bitcoin included. But given its decentralized nature, whatever effect Bitcoin is going to show, it is going to be temporary. So even if it stumbles with a market crash, I bet it'll bounce back quicker than most and might reach the $1,00,000 mark (but its not going to happen. lets be realistic here), but eventually we will see a correction and it might go back down to $100k. But yeah, if the traditional system's going under, more people might see Bitcoin as the lifeboat. So we will see the price going up in the long run.

IMO, there isn't just enough impulse from the market and that's why it hasn't happened yet. We have to admit that we're still far from it and even a couple of halving comes, it may not even enough yet.

Despite that we've been hearing that for years, that's typical to have predictions come and go and some may happen but most of them won't.

So a lot of factors will be combined to make it happen and maybe value of fiat by that time will even be lower.

But why do we just expect bitcoin to reach 1 million USD and pray for the world economy to fall into a serious crisis? As we can see, the highest inflation in the past 40 years has caused us a lot of difficulties, even affected our bitcoin investment. Many people cannot keep their bitcoins because of the economic crisis. And, is there any benefit when the economy collapses and it still makes sense for bitcoin to hit $1 million? Also, does anyone think when the USD depreciates severely, will that 1 million dollars save us from the economic collapse?

I still hope and believe that bitcoin hits $1 million but due to increased demand, not the hope of an economic crisis.

We don't know.

It varies from where we're living but mostly with the affected countries especially USA and other first world countries, they'd surely get the huge impact and hit of that if ever inflation isn't a lot.

The thing if Bitcoin hits $1M and people from those countries can't cope up with the economic situation then, how much more are those from the developing countries.

That is the reason why it varies and depending on how we're dealing with this tough times and more inflation rates.

The currency collapse of USD isn't voluntary. Why would it be? Has any country ever willingly let their currency fail? The central banks and government will try to do what they can, but once confidence is lost, it's not as if that confidence can be reestablished. Bailouts involve money creation, and the central banks can only create new dollars that are proportional to future GDP. Given that the U.S. government has already spent so much and the debt to GDP ratio is so utterly disproportionate, there isn't much more than they can do.

That being said, an economic crash is most likely imminent within the next 1-2 years, and for Bitcoin to hit 1M, there would be need to be some major currency collapse. An economic crash isn't enough. The post COVID Bitcoin ATM was not sustainable growth and it was a speculative bubble, which is why it crashed.

No country will allow its currency to weaken because this can affect the sustainability of several other sectors, but no one can stop it if a certain country's currency gets weakened due to certain conditions. Almost every country has experienced currency weakening caused by several events and what we are most familiar with is the monetary crisis, inflation and recession. The United States has much better resilience compared to other countries and admit it or not, this is a superpower that is quite powerful, they have a system that regulates other countries to pay debts or buy goods using their currency as agreed.

In relation to bitcoin which is expected to reach a price of $ 1 million, in my opinion, there is no need to wait for the dollar to collapse. If we remember very well that the previous ATH was close to that number and was this process caused by the collapse of the dollar? Cycles, supply and demand may have been one of the triggers and the impetus for the dollar's collapse has no relevance that I can explain, considering that there are many things that need to be studied and as assumptions it is possible but the correlation with references I have no answer.

If there is a collapse of the world economy, it could lead to a global war for resources. In this case, the Internet will be shut down almost everywhere. How will bitcoins be transferred then? Then regular cash, not cryptocurrency, will be used for vaimonos settlements

Economic collapse does not necessarily mean that the internet will be shut down.  We know that the internet is the most important thing after basic needs, others even consider it as one of the basic needs now due to the importance of having communications and the effect it has on the global economy.  So I think the government will protect the existence of Internet even though there is a global shortage of resources.  Aside from that, if there is an economic crash, it is obvious that the fiat currency value will deflate making the Bitcoin conversion to USD or any other fiat currency higher.

Just imagine a dollar losing 50% of its strength, disregarding other factors that may affect the price of BTC, BTC conversion will be 2x higher than it was before, so with the idea of USD value being deflated, BTC conversion to 1m dollar is very possible to some extend.

Most people around the world know Robert Kiyosaki, and it's no wonder that he also has Bitcoin holdings. A popular tycoon businessman who is known around the world may be using his fame and influence to encourage more people to invest in Bitcoin. And for us as Bitcoin enthusiasts, this is actually a good sign.

It's also nice to hear that every single bitcoin will be worth 1 million dollars, isn't it? The one who made that prediction is not just a random person but one of the most powerful businessmen in the world. It's just that right now it's a bit far for what is thought about Bitcoin to happen, and I also think that he is also preparing for that time, which is why Robert Kiyosaki is saving now, in my opinion.

Apart from that being a good sign, it can also be news that can make Bitcoin fans happy because at this time there are still people who want to use their fame to influence others to want to invest in Bitcoin. Because not all Bitcoin enthusiasts are able to do that now apart from most of them who are still not quite as famous and famous as Robert Kiyosaki.

The important point that we can see from Robert Kiyosaki is that he is willing to save in Bitcoin for a bigger price in the future even though it is a very far price range and even still beyond the predictions of many people for now. So I also won't immediately dream of a price that big because I will be more grateful if I can see a price of $100K in Bitcoin in the not so distant future other than waiting for a much bigger price than now.

Bitcoin will definitely always make an edge over USD because it's a decentralized digital currency, dollar is being controlled and there are other fitchy background stuffs going through the normal procedure we could reason along except we are into the system of government before we can understand how they operates within, the value of bitcoin will always increases while that of dollar as it is because of the impact through what inflation could do upon it role and value on the financial economy.

I think as "IF" scenario this is more likely than many people think. In such situation everything would crush at first point, including bitcoin. But in economic crises gold and bitcoin (which is sort of limited digital gold, premium currency) will be ones that quickly gain value and transaction. But obviously we are not there yet. American dollar is still dominating the world, American stock markets still have greater companies (especially tech) that dominates nearly whole world without competition. So million dollar a bitcoin is very speculative.

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.

IMO - bitcoin would be $1 million if the reality was that many big investors stopped trusting their money in banks. If one day the big banks go bankrupt then bitcoin might be an option they are considering as a store of value. Conditions like this have begun to be predicted and I would not be surprised if over time the bank loses its investors which in the end have to close their services.

The loss of public trust in bank services will make bitcoin a good choice – as well as some other assets such as gold. But gold is no better than bitcoin which most likely is not easy to store and transfer. Bitcoin can also help them stave off huge inflation – although inflation happens to bitcoin too.

Banks go bankrupt OR people just want to diversify their assets. Bitcoin doesn't need to be your the one and only bank to reach $1 Million, it can be just one of your banks to succeed in that.

And I agree with you on gold. It's not only no better, it's much worse than BTC. Gold has risen $415% in USD price for the past 20 years. Compared to Bitcoin it's laughable.

Gold has certainly had its day. Imagine our acestors' first sight of that sparkling stuff? The increase must have been huge! Also, the gold market is very large. It's centuries old and bigger than Bitcoin

I've always thought that Bitcoin is the future currency, but it may be biased to see it in terms of percentage growth, as you did. I'm talking about contrasting a decades-old cryptocurrency with a 4,000-year-old metal. It's just unfair. I get your point. The rise of bitcoin is historic, but gold had many, many moments before our grand grand parents were even born

Don't miss the chance. Bitcoin is young, and the world is evolving too fast to forecast its future. Aim high! Never underestimate the classics, even though their rise has been "laughable" compared to Bitcoin's

This will only happen is all people will make bitcoin as their number one choice, but I doubt that it will happen since most provably gold will create huge demand with this scenario since many think that this is more safer option to take rather than bitcoin where the volatility is so high. We don't know yet what comes in future but let see if this scenery will happen since all of us will get  some good benefits if more institutional investors will come and choose bitcoin as their primary asset.

There have also been many billionaires born by investing in gold or real estate but that happened many generations ago, maybe even thousands of years ago.  so it would be rather lame and biased to say that bitcoin is better than gold in every way, including profitability.  yes, bitcoin is a new asset class with huge potential, but don't deny the success of gold and assume it's not equal to bitcoin.  looking at gold's market capitalization being 20 times that of bitcoin, how can we say gold is not better than bitcoin?  instead, i would say, gold is suitable for the old generation and bitcoin is for our younger generation, both are good and worth holding both.

John McAfee was suprised that it wasn't at 1 million when he was still breathing, he is turning in his grave right now! 1 million dollars per coin is in Bitcoins future I assure you son.

Yes, he's the one who had first telling about Bitcoin going for a million but suddenly those words do make out some u-turn.

John McAfee Takes a U-Turn from His $1M BTC Price Prediction
https://www.financemagnates.com/cryptocurrency/news/john-mcafee-takes-a-u-turn-from-his-1m-btc-price-prediction/

Then next

Coinbase Former CTO Bets $2M on Bitcoin to Reach $1M in 90 Days
https://beincrypto.com/coinbase-former-cto-bets-2m-btc-to-reach-1m/

These fellas had been talking about short term period which we know that its never been realistic in the sense.
For future possible event then we cant really be able to tell if it would be able to hit or not. If the enture population on this whole globe
would be recognizing its existence and become mainstream then we might be seeing those numbers but im not really that hoping or believing that much.

Yes, gold will be most people's first and preferred choice over bitcoin, it is very difficult for bitcoin to surpass gold if people no longer trust banks. But I wonder, banks are a part of the government and have been around for thousands of years and are also considered the backbone of the economy. So I don't think the banks will fail or people will stop depending on them. It's like governments are on the brink of collapse. Honestly, I feel like that scenario is unlikely to happen.

Every action will cause a reaction and what is conveyed in According to Finbold's article, I see 'Rich Dad' as one way to see how the audience reacts in responding to this matter wisely. In this case, it could be that the author's instincts in conveying this matter have been taken into account very carefully, even if we directly confirm there will be a next answer to be conveyed. and if I personally respond to this, I will always adapt it to data and facts only. The important thing is always updated market info, especially BTC.


Yes That's right, especially as the trust factor is the main thing. If public sentiment is negative and that feeling has become stale, investment choices will shift to another one. Well, most people are familiar, but not all, of course with the digital world, with increasing online activity producing digital footprints.

Enthusiasts tend to continually look for new ways to trade and introduce products that will challenge the status quo and tempt the public. Well, why are prices rising? Is it sustainable or did the bubble burst? The network effects of money and past industry performance seem to suggest that the safest and smartest investment is to buy bitcoin itself unless the individual has a lot of money to blow and is a risk seeker.

And can we make this inference: if bitcoin is falling, it indicates stabilization and growth of the world economy and distance from the world global crisis ? :)
These are the dependent entities mentioned in the headline - "Economic Crash may take bitcoin to 1M dollars" ? So they have both direct and inverse relationship: if one falls, the second grows, if the second falls, the first grows ? :)

If the Economy crashes, then almost everything will join the party. People will sell their Bitcoin to get cash to recover their wealth and it will eventually crash it further. Another thing is fear. When it starts crashing, people will be afraid and start panic selling. Imagine you need money and you have Bitcoin in your wallet, you have no option other than selling it.

We know how Bitcoin price changes. If people do not have liquid cash in hand, they won't be able to invest and it will take a lot of time to recover. So, I don't think Bitcoin will be rocket high if the economy crashes.

I definitely do believe that gold will be surpassed by bitcoin one day. Marketcap of gold is slow and it is heavy and it is not acting that quickly, so we are going to end up seeing gold be a lot slower and that should be the important difference. One day we are going to see it do very differently without a doubt. I know that a lot of people feel like gold is the best investment but bitcoin is much better than gold.

Just the fact that you can spend bitcoin to buy something and you can't spend gold to do the same thing is a great proof. I can send you $10 in bitcoin right now, or any other alt, but I can't send you $10 in gold right now, that should be good enough reason alone to say that bitcoin will be more than gold.

Investing in gold may not offer substantial profits anymore, but it remains a relatively safe asset compared to bitcoin. I anticipate that bitcoin will eventually surpass gold, although this transition won't be effortless. But it's worth noting that bitcoin's returns are also decreasing over time. Therefore, bitcoin will likely be as stable as gold in the future as no asset can sustain continuous and unlimited growth.

Gold capitalization is slow as it reaches its peak and bitcoin will not be immune to that either. The evidence is that bitcoin no longer brings significant profits like many other altcoins.

Honestly, I fell for that and was too gullible with the hype of the words he said because when he said that it was not yet possible. But I know that someday we'll be there, many it will take a decade or two, no one knows.

That's gonna be one factor to push bitcoin to $1M. And it's going to be a combination of many factors but mainly with the help of halving. With mining cost, institutions, banks and other traditionally known in the financial sector invests in bitcoin just as the 2021 bull run and with the cycle that we're seeing on it, it can be bigger soon.

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.

Not only is it not realistic for such a short time period, but I'd even go ahead and mention that it's not realistic for Bitcoin to ever reach such an extravagant value. Okay, let's suppose that the economy crashes today. I don't understand how they came to such a conclusion, especially during a market crash. How are they justifying such a massive increase in value, and how will the price progress since the article mentions that it won't suddenly happen (no shit like it's possible to wake up one day and Bitcoin is worth one million dollars instead of $50.000)? I'm even starting to doubt $100.000 at this point because the market has been so stale for the past few months that I wouldn't expect it to happen within the next two years that I was initially projecting.

Sometimes I just keep laughing the way some persons analyse the market and think everything is a magic. How does he expect Bitcoin price to hit $1 million when the market is still ranging to cross to $35k.
 I don't know maybe some of these people say such things so that they will trend more in the market or they just want to be sarcastic in there words. Bitcoin is going to get there ones day or even surpass the price but we all need to be patient and not run more than the market speed. There was a time that the price of Bitcoin was just a dollar and now we are seeing more that 30k × and more is still loading.

I believe that in bad times, which will inevitably come in the form of a crisis, it is bad to hold assets in bitcoin. And the crisis will come because there is a conflict in the world and supply chains are collapsing, as well as economic ties that have been worked out for years. Many industries receive less raw materials and technologies due to the expansion of exports and imports from abroad. The fact is that it so happened that in bad times people bought gold or goods like equipment, but not cryptocurrencies. Bitcoins are bought only when everything in the world is good.

I agree with the article that when there is a crisis in a country people will turn to risky assets such as bitcoin because in that situation we will not be able to withdraw our money and at the same time sell our property and sell the local shares that we have. That's the advantage of bitcoin. cross border we move to another country our assets and wealth move also we control 100% of all our assets and wealth

This is going to take a while though, so we should be careful about what we are doing. I think its going to be important to make this distinction when the time comes, because otherwise we are not going to end up with a good result all that easily. If we want to make sure that we are making a profit, then we are going to end up with something that will be a bit more inclined towards making a good judgement when the day comes for the crash. Sure economy crashes all the time, which could trigger an inflation increase, but if the inflation goes up %100 and bitcoin goes up %80, that ain't a profit. So always take a look at how much we need to put into bitcoin.

You are right. In 2021, everyone also thinks thinks that the worse economic situation during the pandemic will trigger crypto market will suffer a serious downfall. Even some people believe the BTC halving won't impact significantly on the rise of Bitcoin price due to the bad economic status at that time. However, the bad economic situation won't impact anything for the growth of Bitcoin price after the halving. The price of Bitcoin still skyrockets, it created a new ATH ($69k). The current issue of economic crash is almost the same as in the pandemic in 2021, we have bad issues about the economic condition toward the Bitcoin halving in 2024. Since it is the same issue that we ever experienced in 2021, we can understand that Robery Kiyosaki assumes BTC price to be $100k if the economy really faces the economy crash. People tend to keep their assets in Bitcoin because it is more resistance from the economy crash, while people avoid to keep their wealth in dollars.

It's hard to argue with you. Indeed, gold has thousands of years of history of success and world recognition. But think of it, if gold will prevail in, say, 500 years, what that has to do with us? In recent years BTC is definitely better than gold in terms of investing money in it. But, sure, I can't say the same about eternity.

No one knows the ideal safe-haven asset for future crises. People here believe that Bitcoin has become a safer asset than anything else and has the potential for significant price increases. It's possible that people out there are more inclined to secure their assets in other forms.

However, on the other hand, I think that when a crisis occurs, there will be significant inflation, and as long as those who understand how to store Bitcoin remain scarce, the best refuge for financial security will be gold. FIAT currency will undoubtedly be abandoned, and I believe that the price of gold, due to its worldwide demand, will exceed that of Bitcoin. Correct me if I'm wrong.

I agree with the second paragraph of your post. This behavior of people has already been observed more than once. Perhaps this is due to the fact that gold is material, it can be touched, stored in a safe, and no one on the Internet is able to take it away from you. Or take it away the way banks take away people's money stored in their accounts. Probably such thinking originates from ancient times. I'm not saying that you need to transfer all assets only to gold.
No one has canceled risk diversification. Therefore, it is only necessary to redistribute the shares in the portfolio towards gold, and reducing the share of cryptocurrencies. And then, when the crisis weakens, determine the advantageous moment of entering the market and exchange your fiat and stablecoins for cryptocurrencies.

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.

In an economic crisis, everything is affected. I don't think that Bitcoin will be any special case. People will need money in order to survive. Many will depend on their last resort maybe their Bitcoin hodlings. In that scenario, how will Bitcoin be able to pump in price? Bugs me. But when the situation cools down a bit and people start to invest, maybe they will choose Bitcoin as their first priority. But as Bitcoin is not widely accepted all over the world, this still remains a probability.

But before the crisis happens, or during the crash, people may become self-aware and move towards Bitcoin. Even better if the governments see the potential and accept Bitcoin. That will be a massive push for Bitcoin. Maybe then we can see a price pump like never before. But still, after the crash, many will not be able to invest as before. So that remains a question.

Exactly. But there are some other facts as well. As we have seen during the pandemic. People were stuck in their home and were not able to work. People invested in Bitcoin and we have seen an ATH there. I don't know if it's because of the Covid-19. If it was, some investors may cash out their money from the stock market and invest it in Crypto market.

We don't know the reality to be honest. But, I am considering it as one of the possibilities. But the most accurate speculation is Bitcoin will crash as well with the world economy. Let's wait if economy crash at all or not.

As we see last year which is still said as a threat of recession, it appears that all assets fall, it is a fact, the average person chooses alternatives to their assets in a place where yes they can melid them for their needs, because with the impact of the economic crisis Resulting in the market more cendurunth has decreased both bitcoin, stocks, bonds and others.
Precisely when the economy improves Bitcoin also goes up in price, except the crisis that is meant is inflation or more money supply and people easily get money, it can make people to invest into Bitcoin, which can encourage Bitcoin prices.

Including if the government recognizes Bitcoin and adopt it to be made as an alternative medium of exchange, it will encourage increasing Bitcoin prices, and the possibilities can be more than one million dollars if 1/4 of the world's countries have adopted Bitcoin.

Taking the pandemic experience for instance, can we conclude that the bitcoin market rises during this period or it fall beyond the reasonable doubt due to the collapse of many economical activities, though we still know that this bitcoin network is not a dependent of this but there are micro factors in which through their effects on the economy affect the market demand of bitcoin, this may actually pump the bitcoin market if we look at it in other way round because people will always want to have something to fall on during such crisis and bitcoin could serve as their best alternative.

Why we must rely on the speculation? As far as I know we mustn't rely on such thing like speculation.  :-\
Sure, crypto market is always difficult to predict. There is no certainty in crypto market direction. If crypto market direction is predictable, people doesn't need to speculate and everyone has a guarantee for success in crypto investment. Uncertainty is the nature of crypto market, everyone must know it, dude.  ;)

Regarding Kiyosaki's prediction, nothing wrong to predict Bitcoin to hits $1 million. I think it is not something impossible, it is very possible. If Bitcoin never hits $100k, it is because we are still in the bearish season. Why we expect for a new ATH when the bullrun season isn't coming yet.

Economic harsh?  ???
What we forget about the last bullrun?
I think everyone must remember it, Bitcoin hits $69k in the last bullrun.
I don't know why you seem too pessimistic, I think you have no reason to assume the price will be hard to raise in the next bullrun.

The risks that exist in Bitcoin only revolve around price declines, while for other sectors I think it is very minimal to consider the risk if someone is able to store and guard it well enough in a wallet. In crisis conditions, it would not be very good to save money because money can also experience a decrease in value when prices of primary necessities increase.

This is also the case for local shares, where there is no certainty that there will be continuous price stability when crisis conditions are hit, but for property, I think this is a little better because there will be no immediate depreciation in value or price in the eyes of the public if the property is always properly cared for and looked after by the owner.

Pandemic was extremely contractive to the economy overall, the later boom effect was from easy money and printing by central government which is a distortion.   Same deal occurred in 2008, harsh pullback then eventually cheap money came into play.
  The critical point to observe in 2020 was DXY in July was pulling below 100 and it did not return back to that standard for some time.  Just recently we attempted but failed to come below 100 dxy again.

that is true, the population who are into crypto market is still small as compared to the world population. so i don't think bitcoin will be the first choice of many people. but those who understand this market, may have this in mind.
but we can't discard the fact that when pandemic happened, a lot more people got acquainted with crypto market, esp btc. this is why we have seen the upward movement of btc rather than continuous downward movement.

Let's just remember that the Bitcoin price market is very volatile and unpredictable. Now, just because a tycoon businessman said what he said doesn't mean it should be believed; in my opinion, it's not like that. We ourselves must know how to analyze what is really happening in the market. And what kind of economy crashes does Robert Kiyosaki talking about anyway?

We don't know what the motive of Robert Kiyosaki is for saying that; maybe he is just waiting for the value to drop a lot, and when that happens, he will buy a lot of Bitcoin, then hold what he will do. We have no idea about that matter, to be honest. All I can say is that no matter what he says, it will still remain speculation, although the prediction he made about Bitcoin is good.

Especially regarding Bitcoin, in general the public and the media often lack understanding and reasons for bias, meaning they don't fully understand what Bitcoin is and why it is important. Furthermore, Bitcoin is known for its high volatility. However, the more factors one considers before trading Bitcoin, the fewer trading opportunities will be available as well as missed good trading opportunities.

Despite Robert Kiyosaki's statements, Bitcoin knows that involvement with it can be very profitable. If the price continues and does not reverse, this is a clear signal to exit the trade with a small loss of money instead of cutting losses at this point and going for a spin in the altcoin.

I see two tricky things in Kiyosaki prediction. In short, according to him, if dollar goes down, then Bitcoin value would go up. But why then Bitcoin value is always connected with US dollar? Not with Euro, not with Yen, not with GBP? Wont crash of US dollar also drag Bitcoin down? If the economy crushes and people will try to save money, I have huge doubts that Bitcoin will be the item of first necessity to buy. At least speculators gonna play on that and even if Bitcoin hits 1m, then it wont be for long. Sort of a enormous pump and dump situation.

Some asset performances against USD dollar (https://twitter.com/stackhodler/status/1699688833241997620) including Bitcoin. This chart shows Bitcoin is the best but we even don't need this chart to know this fact.

https://pbs.twimg.com/media/F5Z_KztXgAAk31R?format=jpg&name=900x900

Another chart is at https://casebitcoin.com/charts#roi_chart (https://casebitcoin.com/charts#roi_chart) and you can have a table at casebitcoin.com too.

Short term, it will drag Bitcoin down like how WHO announcement about Covid-19 pandemic dragged not only Bitcoin but all markets down. Later Bitcoin soars and it is what will happen with global economic crashes. However, in that scenario, will $1M worth anything big?

The price speculation of 1 million /1 BTC mentioned by Robert Kiyosaki is still too little with the price specification that Michael Saylor has mentioned for 1 Bitcoin which is around 5 million (https://youtu.be/cb0SLnhaClU?si=10GierrWtp9k5NCG).
The global economy from year to year has always experienced obstacles caused by several events so that the convincing Bitcoin which will be a new direction in an effort to protect values in the future.

Returning to the speculation issue of Bitcoin prices in the future which is predicted to reach 1 million or 5 million, so Saylor will be one of the richest people because of the ownership of Bitcoin owned by the microstrategy company.
We believe and believe in the future of Bitcoin. Maybe all of that will happen in some time to come and it becomes the most beautiful hope at least before Halving like this picture.

https://talkimg.com/images/2023/09/11/6UNsv.jpeg

It wasn't only because of COVID-19, there were other sentiments involved too in the case of BTC reaching ATH. But it did make an impact tho. It wasn't a crisis like an economic crash. It was a lack of workplaces. People were unable to go out to work and make money. So they choose a way to do it from home. Maybe Bitcoin investment was one option but there were other options available too. People make use of those too. So I don't think it was the main reason behind the ATH.

Then again, if the crash happens, people will not be willing to let go of their jobs and move towards Bitcoin investment. The reason is, that it's risky. If it were in a situation like right now, where there are options available and no crisis, people would hesitate less when investing in Bitcoin. But in times of crisis, people will fear losing the remaining of what they have. I guess I am able to explain this clearly. So the thing is, people may move towards Bitcoin after the crisis and when they are able to live their life normally.

Internet is becoming the way of earning and most of the people are doing their jobs online due to scarcity of offline jobs I don't think that Internet will be turned off just because of economic collapse.

In today's age everyone is in contact with each other though Internet and we become aware of all the necessary news through Internet so if Internet turned off then it will have greater impact on the economy of a country.

Due to economic crash people will prefer bitcoin and its a reality that whenever people moves towards bitcoin its price gives benefit to them but because of economic collapse there will be different types of news arises some will be true and some will be fake due to which bitcoin will be greatly effected.

If this is a world crisis all of the trade, sell or the market itself are in chaos but this can be lessened or make preventive measures if the country is already prepared with an unexpected event like this, we are talking about the people they don't need to make suffer with this too much unlike we are seeing in the other country who is one of the poorest that cant even manage to control their people with this problem.
In this era people who are connected in technology can easily manage to adopt the changes and also they can seek a job online there's a lot right there if you have the skills. But again not all people are in an online world still they are on the field of the actual jobs so they are still affected on this even though there a pros and cons of working online. People who don't have the capabilities so sustain their daily needs will suffer.

Well, I can tell that the pandemic only pushed BTC up because people were unable to find jobs or go out to work in the field. So they focused on something that they could access by staying inside their home. But the number was not that much compared to the world's population. And during an economic crisis, the whole thing would be different. People will stick to their existing jobs in fear of not earning money another way. When money is in question, people will not easily choose Bitcoin investment because that carries risks. Who would want to lose their remaining in times of crisis?

So the probability is thin. Also when you get into Bitcoin only for its profit-making capability, you will lose instead. It's a proper procedure that needs to be followed when it comes to Bitcoin investment. I don't think people will be in their right mind in that kind of situation. So the pump to $1M is kinda fairy tale to me. It will happen one day that's for sure, but not because of the economic crisis. History tells us that all it needs is time. Slow and long time is the key.

If there are people and the media who still lack understanding in providing special explanations or reasons for Bitcoin, then there are two possibilities that are being embedded in the minds of the people and the media. The thing is that they hate Bitcoin so they don't want to read anything to understand the truth and the second is that they really like Bitcoin but are still very proud to ask because maybe they just want to defend their own ideas to make it look like they know everything about Bitcoin.

I prefer to hold if the price of Bitcoin has not reversed from bottom to top, because exiting the trade and cutting losses is a very wrong option if what is being waited for is an increase in the price of Bitcoin. Apart from that, the option to roll over the capital that we used to buy Bitcoin is also another mistake that you said because I very rarely see altcoins experience an increase in price when Bitcoin has not yet reversed course or is still experiencing a decline in market prices.

Trust me, there are still a lot of people who have a negative understanding of Bitcoin (and crypto in general) due to how the media portrays it. If you ask them why they are just relying on the information relayed by the media then the answer is simple: why would they spend their time knowing something that already has a bad image? Obviously, not everyone is like that, seeing as there are tons of us who did our own research and personally debunked the false image the media has been portraying. However, there is a big percentage of individuals who fully rely on what the media is feeding them and strongly stand with it, they would rather be misinformed about something than go against what the media is telling them. It's not so different with politics and government.

Do you have a counter argument about what Kiyosaki said or do you see any holes to see his argument? I think everyone is pretty smart enough to not subscribe to what everyone says to bitcoin, be it positive or negative, this reminder isn't necessary, people has been saying to be careful about someone saying something about bitcoin ad nauseam.

who know about bitcoin he will surely put his momey on bitcoin more then bitcoin. when economic is crash then also bitcoin will impact but it can be good impact. Because huge people now invest there money on bitcoin. Because bitcoin is totally decentralised and no one can control bitcoin in any way. only milliaoner and billionaire can increase and decrease bitcoin price by buying and selling big amount bitcoin in a single transcation but it will happen for short time. so if economic is crash then bitcoin price can increase a lot but $1M is not sure

If the economy is cash, everyone will rush to keep their money in one place because no one wants to see the value of their hard-earned money decrease. Anyone who knows about Bitcoin will definitely try to keep his money in Bitcoin. Not only economic cash those who know about the benefits of Bitcoin always try to keep their money in Bitcoin. But yes if the economy crashes then people will definitely try to keep more of their money in Bitcoin than they are now.  In this case, naturally, the price of Bitcoin may increase at a higher rate than usual. but yes i agree with you  $1 Million is very hard to reach.

Media influence is undeniable. Consider stocks. A single unfavorable release can lower prices, even for a strong corporation. Now, Bitcoin. Crypto is autonomous, so bad news about it spreads quickly, making it hard for traditionalists to understand. Without understanding the blockchain, people may be terrified of it. As most individuals don't read the small print of legislation or policy proposals, few study crypto technology. Maybe a large-scale money education program like the ones that taught computers is needed

There is an opposite scene as well. Let's say someone has one Bitcoin and he does not have much cash on him. If the economy crashes, people will afraid because the whole market including trade, stocks will crash as well. People will be afraid of not having cash for a long time and they may start selling their Bitcoin to gather some cash for emergency need. 

I don't know if you have noticed that when the stock market crash, Bitcoin crash as well. It's because people sell their Bitcoin too to recover their lose and invest in real life things like stock market. Where is a positive side, the negative side exist as well.

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...

It cant go forever because it will destroy the society which powers it so its self defeating but certainly it can go generations like Japan has shown.   Depends what depth of stupid poltics is entrenched into society, my take on Japan as an outsider is its misplaced loyalty and belief that government can self right itself.  The currency does seem very likely to require a big reset and start over basically, not all debts will honored and inflation is an illusion that only appears to repay value lent.

One of the things I think about regarding the economic collapse and its impact on commodity assets or securities assets is that they will go hand in hand. Which means that when the economy collapses, all investment assets will also experience the same thing. Who will invest if the economy gets more difficult? Even Bitcoin will find it difficult to survive if the world economy collapses. It's different if the economy experiences rapid recovery and people lose confidence in the fiat they hold. So this is where the realm of investment, whether commodities or securities, including crypto and bitcoin, will experience a rapid increase. Because many people will put their money into this area. to save the value of their assets from the decline of the fiat they hold. So I think more that the collapse of a country's fiat value will make its citizens go to Bitcoin, Gold and other things that can save the value of these assets in the long term. But if the economy crashes then I think everything will crash.

Near my area there are many computer teachers who have created a kind of seminar for young people who have graduated from their studies. But none of them have learned about crypto technology or the technology contained in crypto, so they all still don't believe in crypto because they still don't understand it from the basics. I quite agree with what you say because in fact it has been seen that bad news always spreads faster than good news. Maybe this is also triggered by the fact that there are still fewer people who don't know about crypto technology so they don't have any confidence in the technology in crypto.

Firstly, USD and the global economy won't crash. Only gullible people think of such doomsday scenarios. Secondly, BTC won't magically rise to a million bucks in such a situation logically speaking.

Tip: Speculating crypto prices shouldn't be taken too seriously thanks to the extremely volatile crypto market.

I agree with you regarding the global economy, only I want to say that theoretically if any currency, not necessarili US Dollar, loses its purchasing power, say, 20 times, then Bitcoin, even if nothing good like more investors happens to it, becomes 20 times more expensive in relation to this currency. But I agree, USD will not lose its purchasing power that much.

I'm not trying to say that BTC willl never reach $1 million. It can happen, but not because of the global economy crisis but because of some favourable events for Bitcoin.

I don't think we will know what will happen to BTC if the world economy slumps, and I think there is potential for BTC to rise in price even though the economy is slumping. but BTC also has the potential to experience a decline if the economy goes down, I don't think people will think about investing if the economy goes down so I think the price of BTC will also have the potential to go down.

There are significantly more people who don’t trust cryptocurrencies than those who understand what it is. Therefore, it is not difficult to understand what will happen when the economy goes through truly difficult times, someone will of course buy Bitcoin, but the majority will get rid of risky assets and try to wait out the difficult times. When the economy is in decline, then we will not see expensive Bitcoin, at that time everything will collapse.

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.

I really don't see it this way, think about it...if the dollar crashes because of BRICS don't you think the next best currency will inherent the financial muscle that the dollar commanded..will be say the Euro or Pound to take over especially  that BRICS doesn't have a currency to use for its member countries.

Besides, if the dollar crashes, it's not automatic that bitcoin will again as the failing dollar could be directed to buying gold and other valuable assets to act as a store of value,& btw bitcoin is still a less known asset and wouldn't take advantage of a collapsing dollar hence this 1million dollar prediction is far fetched!!!

Some valid points right here 8)

Economies of most countries were shaken because of COVID-19 and now the Russia- Ukraine war and not to the point of crashing and these will continue to survive regardless of the circumstances!

As for the 1 million dollar bitcoin price, I think we are just speculative in trying to drum up artificial demand otherwise to get here we need the big boys like multinational companies to jump on otherwise we have a long way to go!!

I might disagree on this one, USD is crashing in such a way that they are controlling everything not to make it totally happen. Global economy heavily rely on US we all know that, though there are countries that might survive if it falls but generally speaking we are all connected to USD. But I agree with the 2nd sentence of yours, BTC won't 'magically' be a million dollar asset *1BTC* but with crypto sky is the limit. I'm not saying that it could be a million dollar asset, but it already happened, just think the growth of BTC compare to its early days, it's been a million times, million percentages. I'm not a BTC guy but respect on this coin who opened this industry.

While speculation might happen, risks should always be handled strategically.

It’s been proven as we saw that everytime there’s an issue with USD and other fiat, there’s an increase with the market price of cryptos. But yes, it won’t happen in an instant. Other establishments and businesses have tried moving towards this industry to avoid economic issues but temporarily. I agree that an economy especially with USD’s won’t allow all things to collapse that easily. Fiat of a country is a representation of an economy and that alone should be enough to tell us, especially with the case of USD in this given scenario, countries won’t give up on it that easily. Also, crash won’t happen in an instant. It is a long process of struggle for an economy. And as time goes by, during the crash, an economy could make a solution to the problem.

I am the kind of person who believes that an economic crash would not benefit Bitcoin, you know.
Bitcoin is an asset (or currency, depending whom you ask) which gets more volume when investors have spare money to get into this ecosystem.

If an economic crash happens, I have no doubt that retail investors may be forced to sell their positions in order to buy things which are completely necessary to live: pay their rent, food, their bills, keep their insurance, etc.

On the other hand, when the interest rates are low and there is no need to sell assets, then people venture into stocks and crypto, pursuing to get good yields which banks are not willing to offer.

That is just my personal opinion, of course.   ;)

In the period after the collapse of the economy, all financial assets lose their value very seriously. If such a scenario occurs nothing can maintain its current value or gain value in this process due to this reason. This situation proved itself during the economic crisis we experienced in 2008. I can make the following comment about the claim in question:

In case of a new financial crisis it is quite possible that Bitcoin will experience a serious depreciation as everything will lose value first but as this process begins to recover and improvements are seen in the financial markets Bitcoin may gain value again and reach a value above its before crisis level. This is the only possible scenario because as has been observed in previous crises. In the crisis starting it will be inevitable to experience serious value losses in all financial markets.

In case of a possible economic collapse it would be the best option for us small investors to accurately evaluate the potential high profits in the cryptocurrency markets by closely following the price movements and the recovery process of the general markets.

Do you think that Bitcoin will collapse in the event of a financial crisis? It's intriguing that you have determined that regular investors will rush to sell their Bitcoin first. However, do you think that national currencies may experience severe devaluations or hyperinflation during uncertain economic times? In these kinds of situations, wouldn't a decentralized asset like Bitcoin serve as a kind of hedge? True, a lot of them might sell off to pay for urgent requirements. But let's not forget about those who may turn to Bitcoin as a store of value. About those low interest rates, it's true that they encourage investing in equities and cryptocurrencies. But Bitcoin isn't only about looking for yields, is it? You have a personal opinion, but let's not ignore the other parts of the pie just because this is one piece of it

And when all those risky assets appear to be collapsing, people who once held those assets will also be happy to dump the bad assets and will try to give their attention to Bitcoin. But if they don't realize this right away, I don't think they'll care that much about the opportunity either because they think it's all the same. Even though cryptocurrencies like Bitcoin are currencies that are very different from other crypto assets, they really don't need to be considered when economic conditions are very bad.

I think no one cares about this anymore when the economy is very bad, many people are only concerned with how to survive and minimize any risks that exist.
And risky assets in Crypto will certainly be secured, no one wants to take excessive risks when the situation is no longer under control.
Indeed, Bitcoin is different from other cryptocurrencies, but there is no guarantee that it will remain the same when the economy is very bad.

I don't understand how some people make their predictions about bitcoin prices. What should exactly push the bitcoin price to $1 million if not of the demand of bitcoin? I believe that what pushes the price of an item or assets to skyrocket. There's no other logic or magic that is done to lead to an increment of an asset apart from that.
To me, a million dollars for bitcoin to actualize in price should come into play with time. Not in the upcoming halving or the next two halving.

When there is an economic crash, it affects everything in price and Bitcoin is not an exception to it. The advantage of having bitcoin as an investment in times of economic crashes is to be in a good position to have gains when the market recovers. It is always certain that it will no matter how prolonged the economic crash will last.

OP, why do we always make wild assumptions and thoughts about bitcoin? Aren't we also in a time of economic crisis and we can see how bitcoin is doing? Will it go down in price or will people invest heavily in it and cause it to go up in price? The obvious answer is that bitcoin is becoming stagnant just like other financial markets, but many people do not want to accept this fact and want to believe that bitcoin will be different. Bitcoin is also affected by inflation and interest rates, we should accept that fact, stop being delusional.

In terms of survival for everyone, I think it has become a very common thing among everyone because in any condition, everyone has to think about how to survive. So risks must continue to be taken when people who basically cannot stop working to get a better income than before and in bad conditions everyone will continue to be pressured by their own circumstances to be able to work harder than usual.

Under any conditions Bitcoin will still be called Bitcoin even though there is a difference in price when economic conditions are bad, whereas for safety reasons I think Bitcoin will remain safe to own as usual even though the price is different when conditions change for the worse. Meanwhile, other cryptocurrencies will not be safe enough to own when economic conditions are not better (except for only a few stablecoins) which are used to keep asset values intact when economic conditions are not in good condition.

I think it's important to keep in mind that "a million dollar for 1 BTC" means nothing without knowing how much you can buy with that $1 million at the time. If we are talking about the "rise and rise of Bitcoin" we mean that the "rise" isn't happening because other currencies, fiat currencies, lost lost their purchasing power and being stable Bitcoin is "rising" relative to these currencies. We mean that purchasing power of Bitcoin is rising, right?

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 6-8 months and up to a year after the halving.
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.

In reality, the current economic collapse makes  us think
 high about needs and desires with higher competition,which means the financial crisis and everything

doesn't make sense and again investment is very difficult to digest, with Bitcoin approaching its highest level bottoms out to reach that price despite these circumstances and

high inflation it is not easy to rebuild it.with one million bitcoins and people don't want to take risks too far

I think Bitcoin could fall if it happens, it depends on certain factors when this happens. I believe that when it comes to economic stability, everything is interconnected, and Bitcoin is not entirely immune to the broader impact of dollar crash. If confidence in traditional fiat currencies fades, it is most likely that investors would look for safer assets to invest in, which could lead to a sell-off or buy-in in Bitcoin depending on market dynamics.

Yeah, we've seen in the past years that Bitcoin is somehow correlated to the economical status globally. While sometimes it is inversely proportional and that's why if the world economy crashes, we might seen some huge dump too.

But you know what?

Bitcoin is resilient and its resiliency will make it move forward together with the community that it has got and the financial institutions that are believing on it will not take that dump too long. The pandemic is one example.

Almost everywhere is experiencing economic crash now. All over the world now has inflation. BTC price will go up when BRICS and DOLLARS go down. Smart people will invest in BTC. And keep money safe. Investing in BTC is smartest now.  I think it works. So it's best to invest money in BTC and land. Because economic market crash can sink everyone's money.

Another USD crash speculation thread. Don't you guys ever get tired of these silly and nonsensical speculations? History has proven again and again that the USD will survive no matter what.

Also, BTC price going to a million bucks is possible, but the chances are extremely low. Instead, the chances of BTC going down in value even further during such global economic crashes is higher.

Most people who are trying to save their assets and wealth will continue to invest in assets that have been proven to maintain their value quite well. For example, Bitcoin and also land tend to experience price increases every year, so I don't think anyone needs to worry about inflation as long as they themselves know what they should do when facing this condition. Because under any circumstances, saving more money and not using it for important things such as investment will certainly not produce very good results for the owner himself.

That's right, because influential people in the world and big companies have started to adopt Bitcoin, many Bitcoin holders don't want to sell their Bitcoin because they think Bitcoin is one way to maintain their wealth, especially with the limited supply of Bitcoin, so people are competing to own Bitcoin. Due to the scarcity of Bitcoin, it is very possible for Bitcoin to reach 1 million US dollars, that's my view

Your view is not wrong and also quite reasonable regarding Bitcoin, but the number you say is a very large number so it will still take quite a long time for Bitcoin to get there. Currently the price of Bitcoin has not yet reached $100K so most people still don't think about the price level being high enough as you say. However, currently many people are thinking that Bitcoin could reach a price of $100K because the potential for movement in the market is still quite good so far.

the crisis that some countries are facing back then shown that people more likely to invest in bitcoin instead to save their wealth because the liquidity is easy to find they could cash it out anytime they want, carrying bitcoin is convenient so I guess maybe OP statement holds true but arguably its also might not be a good sign since usually people escaping crisis by using bitcoin to save their wealth eventually cash it out but indeed it just kinda shows that bitcoin is a really good way to save our money from the impending crisis thats about to come and its as easy just clicking button on exchange then we are already spared from the crisis.
I think whenever crisis occur its always gold back in the past or any precious metal to save themselves from having their own wealth escapes their wallet but nowaday there is bitcoin and even any other cryptocurrency that sufficient enough its a good thing that we finally have alternative not too fixated on something called precious metal which not necessarily brings any benefit except that it doesn't affected by the crisis since people have belief that gold are safe haven for their investment.