It likely will lead to disaster, but financially I would rather be holding something distributed than something that one country controls. Even if it is just idealistically :)
what if the long cycle is over and we will get a recession or even a depression like in 1929?
Yep. The economy is incredibly fragile, because it is so unbalanced. A couple "wrong alignments" and it all comes crashing down. If there is a big upward boom in crypto, I think I will be looking to secure something in the real world, like a little cottage out in the middle of nowhere, with solar arrays and water purifiers :)
Cannot go with a real estate in a low political risk destination. Ukraine real estate would not qualify though :)