Just like the title said, we are about to witness the greatest debt expansion in the Global Recession.
How to deal with this problem?

Have you seen the meltdown in 2008? If yes then I think you should know by now how to react to it.
If you are new to blockchain, will you consider buying bitcoin these days?

If you are an experienced expert, will you keep the bitcoins in your pocket?

There is no definitive answer here. It's really up to the person risk aversion.
Others buy in this dip, take the opportunity to fill in their wallets. Other's panic scared of the global recession because of the pandemic, exited. And even if we advise people to buy, average joe need cash at hand today, so I doubt that they are buying.