Bitcoin as a store of value. This gives Bitcoin "hodlers" greater spending power than before in terms of Fiat. You can now buy more things with Bitcoin than you did before COVID-19.
What would be the right thing to do during COVID-19? Should I spend Bitcoin or should I just "HODL" it?
If a thing is appreciating as a store of value, then hold it if you think it will appreciate some more. Doesn't make sense to spend something that's increasing in value, unless you need to.
It's a personal judgement call, really. Bitcoin is seen by some as a store of value (with a case that is strengthening as governments print more money to keep their economies afloat), and by others as a highly speculative asset and the first thing to sell when the economy starts to drop.