I have no problems seeing a bright future for BTC, but after a major retracement it might again take many years to recover. Look at the last sell off down to $3700. It took almost 4 years to make new ATH.
So should this be the major, expected drop, it could again take many years for BTC to reach 100k.
Many people will be dead before BTC will reach 1 mio.
it is true that the existence of a perfect bitcoin recovery as it is today takes years. for example, 2017 to recover should take 3 years starting at the end of 2020. but this is not a problem, the most important thing is bitcoin still exists and still has a chance to be in crypto for a long time.
I hope that if bitcoin further drops significantly in price, then some potential altcoins this time will still not follow the bitcoin price as strictly as it did in 2018-2020. The cryptocurrency market is changing and this will continue in the future. Therefore, a similar situation is hardly possible. Although,
in general, the market falls, and the falls are large and long, there will also be more.
I agree and I think there will always be that circle for the cryptocurrency market and I really dont see that as a major problem because the market system has offered us different options of trading it and if you really are in it for good, i bet you have to give it your best to understand both kind of trading that is, not just spot but futures markets too so you dont worry much about if there will be a long bear market.