My concern is that the next major "recession" will be more of a collapse due to deficit spending. If this were to occur, people will need to sell their assets across stocks, bonds, and cryptos in order to sustain their livelihood. Unfortunately, I believe many individuals will lose their homes. While I believe crypto could be the safest security as it is not government backed, I believe the next big collapse will also subtract market cap from cryptos holistically thus posing opportunities for those with savings and limited or no debt to buy in at discounted prices. It's hard to say that bitcoin and other cryptos will be safe in a recession, but perhaps they are the safest on the time horizon continuing through and after the recession as a means to store value before inflation that could become hyperinflation, or in other words; excessive creation of fiat government backed currencies as their means to sustain the current dollar pegged monetary system.