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.
This reminds me of when I freshly joined the forum, I hinted at the classification of the asset where Bitcoin belongs, which is a risk-on asset. As usual, I was almost the only one with the view, others proved otherwise. I then told them that it was never a thing that could be hidden, the truth will continue to reveal itself...it happening.
Do you see how Bitcoin performed in reaction to the Trump-indicated trade war? That's another proof and it has not been cool. However, Gold which falls to another class of asset (risk-off) that they mistook Bitcoin for is now getting closer to its $3,000 very speedily.
Don't think Bitcoin is your asset during the time of Uncertainty, but it is the asset you can count on during risk appetite.