I am only worried about a collapse in crypto if and when we are mega-bubbled. The doubling curve for Bitcoin still sits at $25k, and will be $50k in a year (where we are right now).
The worst loss we can get is breaking even after a year of holding. A legacy implosion will only bring BTC back down to where it's supposed to be at the doubling curve. At the end of the day we aren't bubbled enough to worry about a crash.
Let's revisit this in three months.
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Am setting a reminder...let's see how it plays out in the meantime.
I'd say the timelines are aligned perfectly for the mega-bubble to pop up just in time for a year long bear market sparked by some legacy fiasco. You gotta remember that the people at the top can usually see these things coming and they will try to control the demolition and make money in both directions. Volatility is the only way to make money in these markets. What goes up must come down.