My take (best case scenario):

Altcoins pump a bit for the next week or two then retrace slightly and move sideways during the holidays.

Then, come Q1.

Trump becomes president officially.

We are bombarded with good news, such Strategic Bitcoin Reserve and peace talks in Ukraine.

The real bull run starts.

We see parabolic moves and FOMO all around - #L1 #L2s #AI #GameFi #DeSci

Hopefully the U.S. government chills a bit and doesn't escalate the war, so this scenario can happen.