Definitely it can and I believe it will but it's not clear how long that will take.

If you're in it for investing, I would suggest not to obsess over it too much as we could be waiting a while.

Actually, better to concentrate on fiat earning endeavors and then convert some of that fiat into crypto.

Wait MINIMUM 5 years if HODLing. It'll go past not just 20k but probably 100k too.