btc can also get affected if ever monetary system and other payment system falls down because there will be no medium to use when purchasing btc so do you think btc value can grow without them ?
It would present an opportunity for Bitcoin to disconnect itself from the legacy monetary system, but that's something I don't expect to happen with how everyone will live in fear of what has to come.
Buying Bitcoin is not going to be on anyone's list in case we see economies collapse.... institutions and rational investors will do everything to unload every single satoshi that they have, which will drive the price back to $xxx levels.
People need to accept that Bitcoin is seen as a risk-on asset, one that thrives much better with a strong world economy than vice versa.... so in other words, don't hope for a recession.