Unpopular opinion: The models aren't (yet) broken.
2021 was simply an anomaly... which throws off opinions of what should happen in the current #bitcoin price cycle.
Discussion
The models are breaking.
The models are Schrodinger’s cat.
The models are broken, we just don’t realise it yet.
I do think the 2021 ATH should've been way higher. Too much money lost to fake Bitcoin.
Not sure that means much though. Doesn't influence whether we should expect a crash in the next cycle.