Just like gold, in fact, during a recession and bank failures Bitcoin may just perform very well, because it has limited quantity, it is decentralized, and it is relatively decorrelating from traditional financial markets.
There are some situations that affect Bitcoin, but Bitcoin continues on its way. We can encounter many different news or situations and these can prevent Bitcoin from progressing in the short term, but in the long term, Bitcoin has always continued on its way and will continue to do so.
I can summarize the situation as follows; Time is in favor of Bitcoin.