I have invested what I need to invest in Bitcoin now, so I'm only hoping for it to go a long way in being bullish again. I'm not sure if we would be seeing BTC get to that $40k upwards range again. If that happens, then I would be in for a huge payout.
Disclaimer: Nothing is guaranteed.
Now that, that is out of the way, I'd be shocked if we don't hit 100k a coin. We've gotten to 69k already as an all time high. I've been in this crypto space for 7 years. I've seen it go into a bear market twice, 2018 to 2020 and now. It may stay down for another year, but when it comes back it comes back like a mothaph*cka. I am not worried about 40k at all. or even 50k or 60k. I am wondering when (not if) it will go over 100k.
If you looking at it as a short to medium term investment 0-2 or 3 years, and that's all the time you can afford being in it then yes, you may lose out money, but any 5 year period and in that time it will hit a new high. Cash out then if you need to.
The interesting thing is no one has a problem holding Apple, Google, Amazon stock for 5 years, but not with Bitcoin and I think I understand why. Those folks see traditional growth stocks as retirement type assets to hold for the long term bag but see bitcoin as a quick money type of investment. Those folks are the ones that may lose out.
If you are tryna make short term money buy Tesla, Amazon and those things then. Just my humble opinion.