The same thing could be/could have been said about the internet as a whole.
Whereas with the internet, if someone is able to knock out critical infrastructure one day, engineers would figure out a way to fix/reroute it, get it working a few days later, and everyone would happily log back on as soon as it's working. Although maybe they would throw out their "smart" coffee machines and etc.
There have been crashes of bitcoin before. None "to zero" but pretty substantial, and not everyone "cashes out" right away.
But the previous crashes weren't caused by any real news of a significant weakness of Bitcoin, so if there was news like that, then the crash would be worse than we've seen.