Historically, Bitcoin has fallen by as much as 80% on four separate occasions whenever there were signs of an economic downturn. It’s not exactly the kind of asset that reliably protects investments during crises. The original post seems to confuse hopeful thinking with actual facts
However, its price has also increased significantly during rapid economic movements in four separate Bitcoin cycles. Therefore, it is highly inappropriate to say such a thing about Bitcoin, as it has been a truly reliable investment asset both in the long term and in the face of global crises. If you have observed the Bitcoin price declines on four separate occasions, you have also seen the rate of price increase in Bitcoin during four different cycles. Therefore, you must consider both to have a clear benchmark for Bitcoin and to draw more detailed conclusions about such events.