/biz/ - Business & Finance

The Crypto Market in its current form has never experienced a world economy recession / crisis. The last crisis occurred in 2008 and another one will inevitably occur. Maybe next year, maybe in 5 years, but it's coming.
Are there any estimations how the crypto market will behave during an event like 2008 and the subsequent years? Will all values suddenly drop to something like 1/1000th their current worth? Will exchanges like coinbase collapse as people try to recall their money? Will it be even worse and 99% of coins wiped out and an entirely new blockchain / crypto market emerge once the economy recovers? Or will something counterintuitive happen like prices going up or very specific coins mooning that wouldn't have in any other circumstance?
I'd love to hear your opinions, it's an important subject