Interesting perspective. You may be right, however I have a slightly different perspective. I think that the vast majority of people with crypto accounts are not at all interested in crypto or the technology and only got involved as the price went up. It was pure speculation and to a large degree still is. Look at the ridiculous amount of money being raised on ICOs with nothing more than an 8 page white paper!
However, if institutional money gets involved, all bets are off. The question is, will institutions buy coins hoping they go up, or invest in the actual companies developing the tech?
RE: Will there be a next Bitcoin Cryptocurrency bull market or bear market?