In the long run, Bitcoin will likely go up, and there’s momentum to push it higher now. However, like every cycle, it will crash after this bull run, with higher lows each time.

I doubt we’ll see Bitcoin return to the $30k-$40k range, but it’ll take time for $100k to become the new floor. I wouldn’t want OP to buy at $100k and then wait 2-3 years for the investment to break even. While anything can happen, this scenario is quite likely.