Great post! I don't even know where to begin to respond.

A 50% selloff would still leave Bitcoin at $2K, still a handsome reward for an investment vehicle that did not exist 10 years ago.

A 50% selloff would probably send these new crypto snowflakes into a suicidal depression spiral. They have no idea how market's work. Most of them were probably in grade school during the dot-com crash of 2000.

I've seen calls for Bitcoin $50K, $500K and $1M. Today's crypto toddlers probably expect those kind of results in a year or two.

They are in for a rude awakening.