The only thing missing there was that the whole economy was down, not just crypto. The DOW sank by more than 1,000 points and almost everything was trading in red.

You are right in the perspective of evaluation. What this recent selloff showed was that crypto was no safe haven for stocks. This is because if you check the charts, bitcoin and stocks fell at the same time. It was too identical to be coincidental. Gold prices fell too, but not by much and recovered quickly.

This just shows the need for proper asset allocation. I just hope investors can understand where to place crypto before the next recession.