Speak for Italy, not for the whole world. Whatever that is happening to Italy will only happen to Italy alone and wont have anything to do with other countries. Its not even going to affect Bitcoin cause Bitcoin doesnt rely on that. Bitcoin stands on its own and situations like this cannot have any impact on what will be the outcome of crypto price.
And who will pay if Italy collapse? Who paid when it was Greece? Europe. So it has to do something with others countries because they are paying too. Europe doesn't have enough money to do the same with Italy. Unless the central bank print fresh money based on a 40 years loan. It's the whole Europe that could in trouble and it's the major place .