Have you seen how governments responded to the corona virus?
Quite simply, in Italy, the US and elsewhere, they will increase their budget deficit, and add debt. In my understanding, that's very bad for fiat currencies, while BTC will remain unaffected, thanks to the lockdown on money supply.
In Germany for example, the deposit interest has a negative value, banks need the cash flow, to many people put money away so by increasing the budget deficit the party globe is launch in the banks.