IMHO there needs to be far more mainstream adoption of layer 2 networks like Lightning if Bitcoin is to reach sustainable levels above $100-200k. All this talk of $1M coin is not probable without the ability to easily exchange with merchants worldwide. Bitcoin was intended to be a medium of exchange without need of middlemen (3rd party banks). All this fixation on fiat-denominated price is a deterrent to progress needed for real adoption worldwide. The cart is currently way out in front of the horse. Most can’t stomach or understand why a 50% drawdown is likely and necessary. More pain in the years ahead until the real value proposition of this asset is understood rather than merely the inflation hedge most institutional investors are seeking.