Preface: I am a believer and a hodler, just wanted to post a thought I had.

If bitcoin drops below 20k, the idea that Bitcoin is an inflation hedge over a 4-5 year time span will no longer be true for the first time ever. People who bought in 2017 ATH will not have made any profit (or maybe even lost capital depending on how low it goes) in a 4.5 year time frame. This is something that might be concerning for bitcoin. It also shows how bad the macro landscape is.

It’s a great time to DCA though if it happens. Happy accumulating. (: