Why do you think it's too early in the bull run? I too think a real bull run will happen in a few years and that this is a nightmare time for cryptocurrency. But since you and I have similar thoughts, as do many on this forum, then we are more likely to be wrong. The market is more often than not irrational and moves in the opposite direction from the crowd's expectations. It could be that all the fud associated with FTX will disappear and then good times will happen.
I feel like a good few years before we could go up a lot is because people usually rather see it move like that after the halving, and thats usually the case for when the price goes up. If there is ever halving in crypto, if we look at the history you will see that its not that rare to see it go up after a year, it usually skyrockets and thats really a common thing.
So, people are saying that if we are going to have a bull run like that in 2024-25 or so, then it would be weird if we see it right now as well. I mean a break out increase in price in 2023, and then 2024 and 2025? That is unlikely, which means that either it won't be after halving, or it will be, and many think it will be.