[maclured]

No, I mean a depression. What we've seen is investors scrambling to find returns in riskier assets due to low interest rates, but the bubble hasn't burst yet.

Once it does, we're likely to see a depression at some point [1].

Since Bitcoin is famously volatile I'd bet that once there's a scare, people who've pumped the price up to the current highs will abandon it in droves. After all, there's a huge difference in risk between buying in <$5k vs ~$30-50k

[1] https://economicprinciples.org/

[sub7]

We know exactly what happens in a rush to liquidity. BTC/other non income producing "assets" are the first to go.