All markets go through these bear cycles. Within the last 2 decades this generation has seen more crashes that at any time in history .... oil, housing, gold, silver, stocks. Even in Forex the largest crash in history happened in 2015 when the EURCHF lost close to half its value in ...... 1 day. ALL have ended.
So, bitcoin will return, the only question is when will it get back to the all time high. And this has only been about a 6 month downturn that has never even tested an all time low.
The last stock crash of 2008 lasted about a year before the start of this current bull run. So we have been in bull run for about 10 years. Just for perspective, the average s&p bear market historically has lasted on average for a little over 1 year and the average bear market 9 years. So we are overdue for a crash. Even Warren Buffet and most pundits have said as much.
Gold is still waiting for this downturn in stocks to return to its 2011-2012 all time high when everyone was dumping out of stocks and into gold. I think this will be the turning point for Bitcoin/crypto .... the impending bearish downturn in stocks. I think we will then see a bull market in crypto to rival all others in history.
Unfortunately/fortunately, the dime that every market turns on is the S&P/stocks. With bitcoin going "mainstream" trading on CME/futures market and attracting institutional investors we now know what to expect and when. The only ones that will be left out are those that are caught on the sidelines saying the sky is falling. Just as those who took all money out of stocks back in 2008-2012 when everyone never thought the market would recover ......And it did .... more than x2 from the ALL TIME HIGH before the crash.