My view is that IF the stock market was to have a correction of 30%, at least initially btc/crypto in such a panic would go down 70%.

This is my view that if 70% of the economy is consumer spending...in a recession everyone suddenly gets their finances in a row..like the cc is maxed out..or

the house has equity maxed out..or you are rich and should not have gotten that 2nd lake cabin....indeed...everyone is suddenly cash poor at the same time

takes a couple years for folks to get their ducks in a row corporate or otherwise....

thus btc/crypto will be the first to be spent in a panic 24/7 access...your edward jones type traditional consultants...it takes a few days to talk to them on what to do

btc 3 min panic sell to pay cc bill on job layoff...as cc is maxed out have to eat

so at least initially it will be a blood bath though i think btc/crypto would bounce back more than stock market or at least equiv and better then bonds along the way

but hey, house is borrowed against, cc is maxed out...most people work more then one job in a 2 job family...can't put the kids to work (except AK)....so

that kinda sorta point of layoffs and $50k of btc/crypto that dropped 70% on a panic that you can cash out in 3 min is very tempting

also even if you have $$$ ie a CEO you are over extended.....everyone 'says' they want to buy gold/stocks/btc and crypto when a recession hits...but few

have the liquidity to do so...me? I sure can't sell btc/crypto at the high and buy at the low..I have NO talent for that

such is recessions....especially if your biz or job has cutbacks in revenue....

this is my view on btc price...i tell people now (newbs) who want to buy btc 'do you really think it won't long term do better then bonds at what 4%?....and to just

get btc dust on paypal or coinbase as you can and don't sell till 2035 when 99% of all btc has been mined as a lofty goal

so no clue on price and always get blindsided on the above mentioned....my 4th recession...so IMHO..if above happens HODL and buy

but price no clue....blindsided by btc dumps and recessions...always...almost a universal law in my life