Giving up in bitcoin is a silly thing, let alone giving up because it predicts that bitcoin will be destroyed. Until now bitcoin still has a value of 40k, bitcoin will go through this cycle and will rise again.
It seems like you are still dreaming about the bitcoin bull run which will not likely to happen now after seeing a bad market situation. It will not be able to bounce back and the problem is that a lot of people are now being stock in the crypto they invested and hold. They could sell it but they will have a huge losses in their money.