I certainly heard it, but don't agree unless we have a stock market crash, for 2 reasons:

1) As an ASSET, Bitcoin's value is reflected in its network, which is >4x what it was at the previous cycle top.   

2) #Bitcoin trades like an OPTION on its adoption as digital gold & its more likely today than ever to achieve it.   That price target itself has not decayed, but is much higher than it was during previous cycles due to Golds rally (at over $600k).    THAT matters as much of the new money is based on the digital gold narrative...
#Bitcoin