What might happen to crypto market if the US dollar collapses?

Is this what many "crypto currency investors" are betting on and hoping for? That’s some of these coins can hit 100000$

I truly wonder why people would think that anything else that would be tied to the dollar would not be affected if the dollar collapses. Truly, I do.

Cryptocurrencies are tied to the dollar. They are valued in dollars, you buy them with dollars (fiat), you sell them for dollars (fiat). Dollar collapses, so does everything tied to it…all cryptocurrencies included. They are NOT any kind of hedge against the dollar collapsing AT ALL.

Still, it can be said that a devaluation of the dollar, or a recession could be a good catalyst for cryptocurrencies in general. Why? When people lose money, they tend to lose faith in the system. Right now, the dollar is falling, the FED keeps printing and there is more and more talk about a coming recession.

People will realize sooner or later that keeping their money in FIAT will result in them losing value, while investing in deflationary cryptocurrencies such as BITCOIN will give them more security in the long-run. Governments have little to no control over Cryptos (at least for now) so it seems like a natural place for the public’s money to flow.

Your suggestions on crypto possible scenarios if US dollar collapse