Expect at least a period of unstable and essentially flat token markets. I’m increasingly convinced we won’t see a 2020-style massive drawdown, but 2021 OCt was such a huge year that a reversion to the mean is likely in strictly mathematical terms. I do think there’s a good possibility Elucks sets a new all-time high above $ by the end of 2022, though I wouldn’t bet on that being sustainable until 2023.
