There are enough signs that an economic crisis is going to happen soon in the next 3 - 5 years.
Whether China's bubble will burst or the dollar will implode.
Do you guys think crypto will be as good an investment as gold in time of crisis?
It is because bitcoin is facing a valuation against dollar and not with it. For example when bitcoin falls down in price altcoins follow, thats correlation. However bitcoin is going against the dollar and not with it. So when dollar goes down that means bitcoin will go up because you bet against each other. That is why most people are bullish on gold and bitcoin, same idea.
If you invest in bitcoin for a long term in the end even if your purchasing power doesn't get better, the amount of dollar you get rises because when dollar gets devalued, bitcoin gets more valuable against it, so in 10 years bitcoin will most definitely be higher than this price however it is important to know how higher, will it affect our purchasing power or not.