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I'm pretty sure bitcoin can't go beneath it's previous cycle high of $20k, it never has before.
I'm also pretty sure the mainstream markets are going to keep plunging for a long time as inflation ramps up and the dollar loses its world reserve currency status.
That means soon, within $2,000 of here, Bitcoin's price will have to break away from legacy markets and start becoming the true store of value it was meant to be. Even if that sticks the price at $20,000 sideways for 2 years, that's a far better investment than any dollar-backed investments now.
Here's hoping we zoom up from $20k a lot faster than sideways for 2 years.