that crash used to be caused by richfags pulling large sums of money out of their investments and causing a cascade. there's nowhere near as much reason for that to occur because the us market is the only one worth investing in right now, and retail has a much greater influence than ever. the diamond-handed monkeys just dropping a consistent stream of savings into broad etfs and ignoring the markets are a stabilizing force. asset-secured loans also spread out liquidations. the cumulative result is that markets may never return to being rational. i think the best you'll see are prolonged bear markets from rising structural unemployment so long as crypto remains a money supply boom-bust relief valve. q1 2020 and q4 2021 to q4 2022 are the extent of what you can expect to see, imo.
Canada