I still think of Bitcoin as a speculative asset.  I think it's been lucky to have avoided a recession and that has kept the narrative alive about it being a store of value.  I think if we do see a horrible 2008 style recession in the US (and globally) that Bitcoin will turn out to not be the safe haven that everyone has expected it to be.  Granted, it's price volatility has us more accustomed to massive drops, but I don't think a recession would lead Bitcoin's price higher.  It seems more likely to me that if Bitcoin were to even remain stable, it would be massively dumped in order to scoop up traditional assets at massive discounts.  I think it would be hard to envision a scenario where everything else crashes but Bitcoin continues to rise in value.  That's just not how things work.  It would be pretty awesome though for us holders. Fun to think about I guess.