Can crypto boom during economic recessions?

Here's my reasoning, please share your thoughtful responses and perspectives. I'm trying to find a reason why not to hedge against the dollar.

So I've been wondering if in the event of economic downturn if crypto will boom since it's not tied to the US dollar and countries around the world are supporting crypto? What do you guys think? I'm doing some research on the amount of involvement globally in crypto.

My thinking is that if the dollar tanks and crypto does as well for a bit all the people in other countries and intelligent investors see that as opportunity and buy up crypto like crazy when it dips hard, thus preventing long and deep economic recessions by hedging against the dollar with crypto. Is there something I'm missing or do you guys think that is solid reasoning?

With China looking to take away the value of the petrodollar and replace it with the yuan there's not much retaining the value of the dollar other than belief. (Although this is how all fiat currency functions without real assets like gold or silver to back then up) correct?