The next bear market is going to be interesting, to say the least. That is to say, I don’t have any real clue, but I can sure speculate!
I think Bitcoin will take a bashing initially in the beginning as those who were invested in both stocks and cryptos cash out their cryptos for needed living funds and during general widespread panic/fear of the moment after the initial market correction.
Then after things settle a bit and people get their wits about them and start making investment decisions, we’ll see cryptos start exploding as droves move their funds into cryptos.
Somewhere in there, the Federal Reserve is likely going to try to bail somebody out or print even more money, which drives up inflation and devalues the dollar. When that wave hits, people will be even more upset and start looking at cryptos as a way to escape inflation, thus raising crypto’s market cap even more.
Basically, I’m of the opinion that banks and governments have run out of options for pure cash plays. Digital currencies will finally begin to go mainstream to solve the problems the banks and governments have created over the last few decades with uncontrollable spending and debts.