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.
I also think its pandemic will increase govt debt. Many people said crypto will not survive when COVID-19 strikes us. But we all know what happens later. The Crypto market gain momentum through DeFi hype and I think govt now will think about how they can use crypto in their own way. Many companies already invested in bitcoin we all know that. More are doing the same now.