But money is not going away, they are actually printing more of it and right now the "capital" is too scared to jump into bitcoin.
When the inflation+recession growth stops, things could go back to normal and bitcoin would go up again.
Keep in mind that governments have been printing money like maniacs that has and will crash fiat's value which would only contribute to bitcoin price rise.
This actually very true guys, gov is printing money like crazy. The news is all over the place is might the cause of global recession too. We can take one example US that print around 3 Trillion dollar in 2020 alone
https://www.depledgeswm.com/depledge/the-us-printed-more-than-3-trillion-in-2020-alone-heres-why-it-matters-today/ that been using for stimulus and anything.