Bitcoin is not a store of value, and anyone that confuses it for such will suffer dramatically.
Short-term, yes they might suffer. If you bought at $60k, your portfolio doesn't look that good right now. But why are you thinking short-term? It's been proven time and time again that its value increases over several years.
And don't forget that when bitcoin falls by 10%, alts fall by 20%. When bitcoin falls by 50%, alts fall by 80% or 90% and some never recover. Bitcoin has recovered every time and reached new highs.
I wish more would think like this. Unfortunately, people only see Bitcoin and cryptocurrency in general as a way to get rich. Not a way to improve the financial ecosystem.