We've already seen how badly the markets did as GME suddenly did incredibly well last week. Hedge Funds and shorters of GME had to liquidate other investments in order to do their aggressive short ladder attacks on GME.
Yet with all the action around GME, and with the current state of the world, if GME does moon, many other stocks will come crashing down as shorters are forced to cover their positions.
And this is how hedge funds will win no matter what happens;
They've already set up GME to take off with how much aggressive shorting has been happening.
When the GME rocket takes off, they'll hold shorts on other stocks while holding calls on GME and make huge money off all market activity.
And while GME moons, retail traders and other hedge funds/investors that got on the GME rocket will win BIG TIME.
Yet at the same time, many of the rest of the stocks will crash and cause many to lose big time.
I wouldn't be surprised if enough insider trading is happening to have a planned date for when GME will take off so that they can time the markets perfectly and make sure as few retail traders are on the rocket as possible.
TL:DR; It's just like the movie 2012, but hedge funds will benefit whether the world ends or not.