Based on simple TA, possibility of 30-50% retrace over 2-6 years
Just based on TA with general targets and considering the last two retraces this century I think there is a high chance of possibility we go down to meet one of those supports at some point. The market may push up and retest the current ATH, but failing that we could see a pretty significant downturn in the stock market.
This may be influenced by mass adoption of cryptocurrencies as a worldwide currency. However, as crypto is a young market with many competing teams/projects, that will lead to a lot of great advancements but also a lot of failures. This means that, just like the internet, the rate of adoption will be dependent on many factors and the timing of the era of mass adoption thus cannot be predicted with any honest certainty.
If cryptocurrencies are not mass adopted, or the mass adopted cryptos are the ones with controlled supplies and/or are funded by huge banks, then fiat will likely still maintain its existence and its debt-increasing and anti-robinhood effects.
This may be influenced by mass adoption of cryptocurrencies as a worldwide currency. However, as crypto is a young market with many competing teams/projects, that will lead to a lot of great advancements but also a lot of failures. This means that, just like the internet, the rate of adoption will be dependent on many factors and the timing of the era of mass adoption thus cannot be predicted with any honest certainty.
If cryptocurrencies are not mass adopted, or the mass adopted cryptos are the ones with controlled supplies and/or are funded by huge banks, then fiat will likely still maintain its existence and its debt-increasing and anti-robinhood effects.
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