No 🐻
BTC is in Grandular Cycle the likes the world has never seen. We are in Super Cycle 2 of 4 (2 settings & 4 Cycles). First bear market starts in 2025. This is only a blurb. Smile
Source: https://twitter.com/LandM_Marius/status/1091754260759425026/photo/1

Actually, you might be correct on this one micpeep.
a drop to $40k from $1million would be about a 96% price drop, and a drop to $40k from $240k would be around 83%.
A 96% drop does not seem reasonable, especially as the BTC space continues to mature, unless some really crazy and unexpected event(s) happens.