Robert Kiyosaki allowed the BTC rate to rise to $1 million in the event of an economic collapse

Delphi Digital co-founder Kevin Kelly noticed signs of an early bull run in the current crypto market. According to the expert, the standard cryptocurrency period begins when the value of BTC approaches an all-time high, followed by an 80% drop.

It takes more than two years for Bitcoin to recover to its previous high and start to rise. According to Kelly, this pattern is not accidental, but is consistent with the “broader business cycle.”

The expert also pointed out that the last two halvings in the Bitcoin network occurred approximately 18 months after the asset hit the bottom, and seven months before it broke the all-time high.

At the same time, Kelly noted that there are no guarantees for the development of such a scenario. He did not rule out the possibility of a “false bottom”.

“In fact, this is the time when we can see another modest sell-off or period of price consolidation, especially after the strong rally that we have seen over the past 9 months (similar to the second half of 2019),” he said.

And Robert Kiyosaki, author of the bestselling book Rich Dad Poor Dad, believes that most countries will abandon the US dollar and choose bitcoin if the global economy collapses. The businessman himself prefers BTC, gold and silver. At the same time, the main digital coin is one of the preferred investment options due to distrust of the Fed and the Treasury.

“I like bitcoin because we have a common enemy — the federal government, the treasury, the Fed and Wall Street. I don’t trust them. If you trust, then save dollars and you will get an IOU,” the entrepreneur said.

Kiyosaki called gold and silver “God’s money” and bitcoin “the people’s dollar”. In the event of a fall in the economy, he said, BTC could rise in price to $1 million.

“Bitcoin is aiming for $100,000. Bad news: if the stock and bond market crashes, gold and silver prices will skyrocket. Even worse if the world economy collapses. Then bitcoin will be worth a million, gold can be bought for $75,000, and silver for $60,000. The national debt is too high. All people are in trouble. I hope I’m wrong,” the businessman said.