What if we get another bull run, but there isn't another all time high for crypto?

Seeing a lot of posts/comments about current bear market, next bull run, next ATH, and everything in between.

I'm not saying this will happen but what if there isn't another all time high?

The environment during the previous run seemed almost too perfect for speculative assets: low interest rates, high stimulus, people around the world locked down, working from home/remotely, excess savings etc..

Global macro is not looking good, and it might even get worse next year and beyond. However as certain as the sun rising and setting, we'll see markets and economies cycle through to growth eventually.

Keen to hear what you all think?