Some on WS could following the Bobby Lee's idea: that btc will go to 300K and then to $30 K (he mentioned 90% decline from the top) within 2-3 years.
If you take it at a face value, there is no point for an investment house to buy in now, then show 45% decline from here within 3 years.
Yes, it would pop up first according to Bobby Lee and pretty much everyone else, but as long as the downside from 300K is 90% the numbers above are not very desirable for a 3-3.5 year hold.
Personally, I think that Bobby is wrong and trajectory would be different, but it is certainly a possibility (maybe 1-5%).