You're telling me that an asset class that is directly worth ~$1 trillion worldwide is going to bring down the economy?

$1 trillion lost would also assume the space's entire value dissipates. Even when you account for companies invested in the space, I highly doubt their fall would 'bring down the economy'.

I reckon drops in real estate, non-crypto shares and inflation overall, not to mention geopolitical instability in Eastern Europe would collectively tank the economy, not crypto.