It's unlikely that people will move to bitcoin during the economic crisis! Gold and other precious metals like Silver or platinum is becoming their obvious choice. If you see the price chart of gold for last 6 months, the trend will be visible to you! You can refer the link below,

https://goldprice.org/gold-price-chart.html

Now let me prove my statement when I say that bitcoin will not be the obvious choice during the economic slowdown. The reason is very simple! During an economic slowdown, a person would want to look for another investment asset to safeguard their capital. That person probably wouldn't look for profits but to ensure that his capital is not depreciating. This kind of people would want some investment asset which is less volatile and have a proved track record. Simply put, Bitcoin doesn't fit that criteria!

 

Oh how greedy people are. Our OP sees bull run starting from more than 12k USD
We pumped from 4 to 12k but according to OP it was not a bull run. For a bull run to start we have to begin at 12 and end where? Maybe at 25k?
Where do you see an asset that you can buy in February and sell in June with 300% profit? A bank will pay you 3% and a bond 5%. If you give loans to people you'll make 20%. Bitcoin just gave you 300% and you want more because it wasn't a bull run yet. I'm out of here.

Are you new in the crypto space or what ? The bull run of Bitcoin for this year started in may, thus when the  price of Bitcoin moved from $5k to $12k and then dropped down to $8k. The bull run has already happened for the year 2019.

Answer is very simple ! Because new investors are not entering on bitcoin market right now. When new buyers will encourage to enter on bitcoin that time bitcoin will be on full bull run like happend on 2017. Most likely bitcoin just roaming between old traders and that's why we have seen current dump. Whatever you say, FUD or FOMO but main thing is new investors. Anyhow you have to encourage new investors to bitcoin then you can see bull runs.


When you will see previous chart record you will realize how new investors could help bull run. During bull run you will noticed that there was high buy pressure, that means there was lot of new investors who already entered on crypto-currency markets and they want to buy bitcoin. That's why when bitcoin start bull run then just running for few days. Its because of investor's FOMO.

Tether really sucks, they don't worth 1 usdt to 1 dollar at all and people still use it that way, it just makes it easier for them. The sad thing is even if there was a new stable currency that actually backs its currency 1 to 1 people wouldn't really look at it, they would just let it be because usdt is already in all exchanges and it is a lot easier to use something that is convenient than use something that would take time for adoption.

In any case new printed money could be spent buying bitcoin easily which would balloon the price of bitcoin because there are extra fiat going around enough to buy a ton of bitcoins, now will that new money go to bitcoin we have no clue but at least the option is available. I would assume it could go as "investment to crypto related companies" which would be the most logical solution.

The money has already been printed. A long time ago. There are a lot of people out there who don't have to worry about money and have millions of dollars just sitting in the bank that they don't have to even worry about if they lost it. Even if those people don't invest in Bitcoin personally, they may purchase lets say a classic car from a guy for $50,000. He then takes $10,000 of that $50,000 and invests it into Bitcoin. Even 1,000 people working a part time job investing only $20/month into Bitcoin adds up after a while. The money is already in the economy to invest in. As soon as Bitcoin is all over the news again(in a positive way), it will come into the marketcap.

You sound almost gleeful about the rampant money printing and I would be careful about that.  The stocks, metals, and real estate assets that have gone up over the past few years may not be a good thing at all.  If there's too much money available it creates an artificial bubble destined to pop eventually.  Metals might be going up because traders are sick of inflated stock values and I would venture that gold might be a good investment right now.

As regards bitcoin, there has to be demand for it.  There is certainly enough investor money available but if they arent interested in it, bitcoin's price isn't going to rise.  But in my estimation I believe bitcoin is in a temporary slump.  There was a big selloff after it hit its latest high, which produced the correction we now see.  Not sure at all what money printing has to do with it.

In my opinion fresh money generally goes into the bond or stock markets, not in crypto.  Were that the case, Bakkt might be performing much better.