I don't think BTC would crash in a recession, but it's just my thoughts and I may be wrong as well. Do people really invest based on Buffett's words? I haven't heard anyone follow his thoughts yet. He's a boomer & Bitcoin is worthless to him because he's most likely used to investing in tangible stuff and stocks.

Bitcoin is going through weird movements at the moment imo. We need more time and meanwhile its path will be paved.

I would be absolutely astounded if Bitcoin did well during a full on meltdown. It is a safe haven to some people, perhaps 1-10% of Bitcoin fans. Everyone else would be running for exits with their panties on fire.

We are moving into uncharted waters right now. We have never had negative interest rates, or such an overvalued stock market. Fiat currencies always revert to their true value of zero, and this will happen, but it is difficult to know when. There is an increasing awareness of the current problems, and that is leading to an increase in the vale of gold, silver and gold mining shares. I'm a bit surprised that Bitcoin hasn't gone up as well, but then many people can't understand that virtual assets can have a real value. The over-hyped Corona Virus scare is being built into the black swan event that the Deep State wants to accumulate more real assets, and to sump their toxic debt.

It is difficult to know how this will affect Bitcoin. We know that the bankers and the elite are collecting Bitcoin for investment, and we know they will be releasing their own version of cryptos. I think that this will increase the scarcity of Bitcoin, and also build demand due to increased awareness. It is difficult to know when this will happen, and there will probably be some further drops in price as the influencers increase their holdings. It looks as if it will be a great time for scalping.

Yeh we dont know if this a good time to be having Coronavirus and/or stock crashes.
Printing money and raising the debt ceiling is such a crazy thing and more of a culprit rather than Coronavirus.
Lets see how Gold prices and Bitcoin pan out?
Lets see how BTCHalving is affected ?

This assumes that majority of bitcoin investors are rather poor retail investors with no other assets or fiat savings, and I doubt that this is true - some portion of coins is held by whales, and many investors are likely belong to middle class and wouldn't need to dump their coins in case of a recession.

I think the bearish scenario is possible, but under some other mechanism. Maybe Bitcoin just isn't a good safe haven for such scenarios because of its volatility, so money will be moved to assets like gold.

Nice catch.
Definitely worthy of a Topic somewhere

We can already see the results since bitcoin's price has already dropped to $8800 from $10200.
We can't call it a recession but the crash in stock market has made the crypto market panic and people are selling their cryptocurrencies.
Altcoins are taking the biggest hit since they are decreasing in price in terms of BTC which is further more decreasing their USD price.

You're right, especially since so many gold investors never own it physically and it's just another number inside a centralized database. Still, there's no difference for Bitcoin if people move their money to gold or cash, if its perceived as unjustifiable risk at times of a crisis, it will get dumped. So, the question is, how would hodlers act - are they bitcoiners first or traders/speculators first?

I will not believe that Warren Buffett could be an occasion for people to sell cryptocurrencies. His opinion is not very influential in the cryptocurrency market. The recession was foretold for a long time however I do not think that the market will not be able to recover

This is now where the speculators will think that bitcoin and the stocks are correlated.

Bitcoin is following somehow the trend of the traditional market but as we know, the behaviour of bitcoin is much better than them at least for other kind of risk takers. The bouncing will be quicker than the traditional stocks because of its volatility.

It would be amazing to see that bitcoin is getting back quickly while the stocks is on slow-paced recovery.