So if ECONOMIC DEPRESSION happened again in the world, will it affect bitcoin with it fellow digital currencies? Because economy is the back bone of everything in the world. What affect economy affect all other things. And bitcoin is the father of digital currency.
Bitcoin marketcap or even let us say the whole cryptocurrency market cap, if we made a comparison with another sector of the financial market, such as companies, assets, FIAT currencies, and many other things, the comparison would make bitcoin have minuscule significance.
At some point, bitcoin has a high correlation with the stock market. And if we look at the recent price surges, it is likely tied to the recent ETF news. So, considering all those things I mentioned, also, specifically in cases of economic depression, it is almost certain that bitcoin would be also affected.