people still have overwhelming confidence in fiat currencies. this confidence was temporarily shaken in 2008 but liquidity injections managed to sustain the system.
You are right, but also WRONG in your conclusion.
Confidence in FIAT is starting to get shaken NOW, hence the market crash, money printing, etc. etc. Markets are just starting to figure it out, and the result is a CRASH in the price of Bitcoin since the crisis started. You think the price is gone down a lot now, wait until the economic crash gets even worse, there is no limit to how far the price of BitCoin can go. The LIE of BitCoin being " Digital Gold " and a safe haven asset is OVER... People and the market are selling BitCoin like crazy, hence the price drop, and it is just getting started.
Hard Facts