No. You would need more mug punters / dumb money to drive the price up. Events of the last few days will likely have scared them away, for now. "This cycle"

No. You would need more mug punters / dumb money to drive the price up. Events of the last few days will likely have scared them away, for now. "This cycle" is just code for "this batch of the gullible". Many of those "innovators" (and their fans) of the last decade are about to find out that they haven't reinvented the parts of human nature associated with fear, greed, and hubris.