Hype and greed have done their job before, it will also happen in the future, any ATH is someone's profit and someone's pain, perhaps a hundred years from now, the price for bitcoin of $80,000 will look like a rollback on the next bearish cycle, unless of course something extraordinary happens.
Yes you are right, the price we now see as the previous bitcoin ATH will probably be the lowest price for the future. Yes, that's something we might see in the future. Many people have complained that the price of bitcoin 100k is considered a bear market. Everything that looks hard to happen will all be different if we have stepped on that price. It just takes time for us to see it actually happen.