For example, a guy on Reddit has to pay $15k on taxes from trading last year even though he started with 2 BTC and ended with 2 BTC . Thus, he would sustain a loss of 1.5 BTC at the current price of 10k even though he made no profit from trading. This hurts early adopters and/or traders who have most of their wealth in cryptocurrency the most.
But I do not doubt that Bitcoin can drop even back to sub-$2k.
The dude on Reddit needs to renounce his American citizenship or become a resident of Puerto Rico. USA = EVIL slave state.