Yes, but last December was insane going up. It could be insane going down too. Hardly anyone believed 20 grand was possible until it was.
But just as it was at the $19,990 level for a tiny amount of time, it would be the same tiny amount of time for the ultimate low. They're both bubble pops, just in different directions.
Triple figures would definitely cause massive redistribution, but it would also be plain fucked up. More so than double figures would've been actually, as at least that wouldn't have broken long-term momentum. I wouldn't expect us to dig our way out of that ditch for a long, long time.