In the global recession, nothing is safe. When economic activity is at its lowest point, people are in desperate need of money. In this state, it is not surprising that the price of Bitcoin has fallen.
In fact, if there is Bitcoin, many people will sell it. This is to be expected. Bitcoin's value will inevitably fall like stocks. Bitcoin's market is not absolutely independent of what is happening in the world. This is obvious.
But Bitcoin will not go bankrupt, it will not happen. The company may go bankrupt, and even the country may fall into a debt crisis. But Bitcoin will not reach that state. Bitcoin will eventually rebound
why?
It seems to me that you think about Bitcoin like many others do, that it is just a giglet with no real value. Maybe it was so some time ago, but now it has become a reserve currency in China. They provide offshore yuan with Bitcoin. It is proof that Bitcoin is an integral part of the modern economy today so it is unlikely to go bankrupt. As long as we use it, it will exist.