But eventually interest rates will go down, and people will begin diversifying again instead of desperate rebalancing, and diversifying with modern snake oil investment marketing that's advertised in the media and online means opening crypto positions. I don't think we will ever see people up and walking away from ever investing in crypto again. Consider also how many buyers are probably waiting for a crash to get in on even more crypto on discount.

"Eventually" could mean a decade or two from now. Nobody knows what that will look like.

People will definitely be buying assets within a decade of a recession. They will begin the buying the very day of a market crash they had any sense.