Wow I hope not. That's been a painful sight. Can you imagine those poor people buying Bitcoin at close to 20k USD and then watching it lose the majority of its value and on the other side of things retired people losing their life savings when the Dow Jones Drops around 2,000 points in one day. Terrible.. I thought that Bitcoin would be immune to the ongoing onslaught of the markets but seemingly it has fell victim to this colossal drop as well. Only time will tell what will be next.
Yes. It will fall faster than stocks because, it has limited application. You cannot come to a grocery store and buy something with bitcoin.
It use only for speculations and money transfers. Only gold and US treasury bonds are reliable assets.