Everyone during the crash will just use PUT options and become millionaires? I’m not that naive to think that, so what will actually happen? My guess is that the crypto market will become less volatile and more unpredictable, with no more 4-year cycles of bull and bear markets driven by BTC halving. Also, with big institutions like BlackRock and MicroStrategy stepping in and pouring billions of dollars into crypto, will we see another crash like 2017 or 2021? I know basically nothing about investing.
Am I missing something?