As someone involved in bitcoin since 2012, these cycles are pretty standard. It went from $1000 to around $250 iirc at one point and recovered. No reason it cant go from $20000 to $5000 and recover. It may take many years, but its not as if all crypto will die overnight.
I see crypto being big in the more distant future, 15-20 years away when many of the problems are sorted out. Everyone is focused on the extreme short term.
As someone involved in bitcoin since 2012, these cycles are pretty standard. It went from $1000 to around $250 iirc at one point and recovered. No reason it cant go from $20000 to $5000 and recover. It may take many years, but its not as if all crypto will die overnight.
I see crypto being big in the more distant future, 15-20 years away when many of the problems are sorted out. Everyone is focused on the extreme short term.