If I could place a bet it would be on crypto, fiat is going down. It's my conclusion! This economic model is not sustainable, here on forum we discussed some theories and I remember one thing, next big economy crisis (like the one in 2008) will bring governments and banks down. Little over 10 years and here we are, this will be bigger crisis than previous one, and this time some things will change! Before people had just few choices with their money (gold, bonds, real estates, other precious metals...), but now there is this thing bitcoin with entire crypto community behind and many other coins! It's not just about crypto as currencies, it's about what crypto represents! Be your own bank, do with your money what you want, you don't need third party services to control you and rip off you every time you wish to send some money!
Pandemic is a bad thing, I don't like when people suffer, but this is the chances for people who survive to start doing things in different way. We need to start paying attention on each other, on nature around, not on banks, politics and wars!
I also think the same way. During the financial crisis of 2008, it was shown to the world that Fiat backed by central banks was poised to failure. The "bankers" may try to manipulate the system for their own benefit. But, people will notice that it's not worth holding Fiat anymore due to astronomical levels of inflation. Crypto was created for a purpose, and that is to serve as an alternative to the world's current monetary system. Since the "trust factor" is eliminated, everything is based on mathematics and cryptography in order to ensure a resilient system that can withstand any negative events in the mainstream world. Without a central operator, risks are reduced like never before.
It seems to me that crypto will be here to stay for the foreseeable future. The COVID-19 pandemic has only accelerated interest into crypto/Blockchain technology and CBDCs than all the other way around. If this goes on for years, we might see a bigger market capitalization for the world's leading cryptocurrencies. The reason why the pandemic has little-to-no effect over the crypto market, is because the ecosystem is decentralized. Things would've been worse if crypto were to be completely centralized. Due to the distributed and decentralized nature of crypto, trades can continue flowing 24/7 without interruption (unlike the stock market). The pandemic will only encourage governments to launch CBDCs, while crypto benefits from mainstream awareness. Just my thoughts