Last time it went down during the "stockmarketcrash" as quickly as normal assets because of liquidity problems. Even assets like gold and silver went down pretty hard these days. Hope it will be different in the next downswing and ceyptocurrency can decouple!
And the downspirale in stocks will come, maybe at Earnings for Q2 in July. These will be miserable, like we have never seen before. Or when CoVid starts to spread again and anpther lockdown is "necessary"....
Don't get me wrong, I am really bullish on Cryptos, but this virus and the shutdown of economy(!!) are a big, big wildcard