In the long term, Bitcoin will eventually win due to fiat currency debasement by quantitative easing, potentially bringing the rest of the crypto market with it (long-term, beyond 1-2 years).
"in the short term the risk from macro events like that seen in July and August is very real but in the long term fiat currency debasement by quantitative easing is the biggest Story by far and this is why Bitcoin will eventually win if history is any indication it might just bring the rest of the crypto Market with it as well"