I have sort of went back and forth on that in my own head. I think in a lot of ways that stand to reason that people will use Crypto as an "Exit Strategy" from Fiat when there is hyper inflation of fiat like we see in Venezuela and Zimbabwe but in the same token if we hit a recession in the United States and Canada that is as bad as 2008 then I'm wondering if the digital coins will be one of the first things to go when people can't pay their mortgage. So it is always hard for me to really tell what would happen in a major financial disaster.
We haven't tested that yet because the recession had already started and the stock market crashed in Sept 2008 before Bitcoin was launched so that could be the ultimate test for crypto. Do people flock to it or does it become something that isn't a necessity and they can't afford to hold on to digital coins? It is hard to say.