It happens everytime in every bear markets, especially long lasting bear markets: People are losing faith and dismiss their assets or those who are still in crypto are waiting for the next crash to buy. They can wait forever.
Crypto is primed for the biggest bullmarket/bullrun humanity has ever seen:
Investing in crypto is like a marathon.
To be the winner it takes endurance, patience, dedication to stick in one's plan. The path is rocky, people will tell that you never will make it, they laugh at you and even a lot of other investors tell you to stop investing because they expect thing to get worse.
Whether it was 2013, 2017, 2019 and now 2023 people always thought that crypto reached its ending.
Pseudo wisdoms like "past performance does not guarantee future returns" were thrown around like candy.
The big key difference isn't crypto never experienced a recession before (it did, 2020 was a big recession, saw how crypto preformed?!), but this time big institutional money will flow into crypto. This will unlock unseen and unimaginable growth potential for the whole cryptomarket that nobody has ever seen! 1 trillion marketcap in the whole cryptocurrencies is so laughably low.
Be patient, keep investing, you will be wealthy.
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