We cannot start pointing out any correlation at the moment, since thus far there has been no past scenario to look at to be able to know how things would end up working out. A lot of people may have their different thoughts based on different reasons, but for me, what brought about the deflationary nature of bitcoin and what urged the creation of bitcoin and its features was basically linked to the previous crisis. One thing for sure, most people who are investors and smart, would not want to be in fiat, and in such periods, assets tend to increase, hopefully, we will get bitcoin serve its purpose as a digital asset.
Since bitcoin is so new we do not have a way to know exactly what will happen but there are only three scenarios that can play out, the first scenario is that bitcoin crashes as well, the economy of the world could be so affected that bitcoin suffers the same fate, the second scenario is that nothing happens, since bitcoin is not correlated to the stock and bond markets then bitcoin keeps moving in its own way, and the final scenario is that bitcoin benefits from the crash as people begin to look for a place to park their money.