I think it's rather obvious that Bitcoin is going to outperform every other asset on earth when the recesion hits (not if but when..). Im really scared of having money on the bank within the next 10 years or so. I hope shit doesn't get extremely dangerous... a recession will help Bitcoin but collapse of civilization will not help anyone.
I feel the exact opposite myself. If everything went down the tubes I believe crypto would take the shit of the century. It's still viewed a plaything, not any type of lifeboat. No one hangs on to their plaything if things get tight.
It is of course all down to the timing. If real contraction happened ten years from now things would look very different and Bitcoin's position would be much more established. If it happens in one year then it stands no chance of keeping its head any further above water than anything else.