Sorry, but it was not as I've looked into the market. The situation may reveal that people are now conserving more on fiat rather than adopting cryptocurrency. People have their options, we are supposed to think that during these hard times people will go for crypto but it happens that they are converting it into fiat. Then it was clear to think that crypto isn't the first option but instead, they will consider this purely as an investment.
That is not how it works. In difficult times, people will be more interested in assets that can act as store of value. So they will go after bullion, United States Treasury bonds.etc. Cryptocurrencies are being regarded as a high-risk asset, and therefore the interest in them will be rather muted during hard times. But as the market matures, this situation may change.