I will throw in the fact that the Fed is getting ansty about raising rates so they have some room to maneuver when things head south. This will make the market jittery adding fuel to the fire. I dont believe the money will move from equities to crypto just that it will add to the volatility.

Add that to Trump tweeting threats of blowing rocket man (as you call him) to hell, and people are going to freak.

Many fiats will take a beating....ironically, the USD might actually do better in that environment.