we are going to see a massive liquidity crunch where everyone will pile on short and overshoot to the bottom on every asset except US dollars
Bitcoin will go up because it's the Rolls Royce of capital flight, so if you actually believe everyone on earth is going to flood to US dollars (instead of de-pegging from the dollar in general), then it's the go to play to catch market share in that capital flight.
Correct. Agreed. But remember that comes after the V bottom liquidity crunch. A liquidity crunch is not a safe haven move. It is a liquidity survival carry trade reversal on auto-pilot. Human decisions are not in play.
In a liquidity crunch, people are dumping illiquid assets for cash.
Exactly because their leveraged obligations and margin calls are in cash. And that is not Bitcoin "cash".
Bitcoin IS CASH. There's no reason for it to go down. Trust in banks will be next to ZERO during all of this. Nobody is going to liquidate all of their assets to just be stored as digital fiat in a bank account. People will be going wild for Bitcoin because Bitcoin has no bank holiday for the government to Cyprus you.
Sorry you are wrong.