In 2008 when the market crashed the money went to gold.
Today there is another choice....crypto.
Time will tell, but some of the money coming out of the stock market will / should end up in crypto.
If the momentum over the last couple of days continues...who knows, crypto could be back.
https://www.ccn.com/dow-jones-falls-to-lowest-level-in-14-months-the-wealthy-pulling-out/