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.
First of all, seem you don't know reason why Bitcoin was created in the initial place after the great economy collapse in year 2008 because of predatory mortgage lending and due to massive amount of consumer de, then back to your question yes. Bitcoin survived the COVID-19 pandemic that caused many assets to collapse and tank in prices, wherebut in the end