I'm sure things will settle at some point but there are a few factors to take into account that could end up defeating any dreams that any of us have with prices dropping to what we consider reasonable.
Long before mining spiked to what's happened in the last couple of years NVIDIA began hiking up those prices. I remember when the 1080s came out, people were complaining then, lord I remember how many thought it was insane what the Titans were going for. I think I paid around $750 for my Strix OC edition 1080 Ti on its release day. Right before the first RTX cards came out I watched my 1080 Ti double in value the same month the 2080 Ti was being released. I'm pretty sure I paid around $1K for a Strix 2080 Ti on its release day.
We all rejoiced at those fantastical prices NVIDIA hyped with Ampere and that, sure enough, became a dumpster fire with mining but also other factors. Taiwan was hit with one of the worst droughts it'd seen in over 20 years that resulted in TMSC hauling water to its factories for chip production. Various political bs helped to shake supply chains even before COVID and we still have issues in getting them back. Now we have fuel prices on the rise and that will also affect the bottom dollar. Meanwhile, from coal to gas there are major energy cost factors happening in Asia, and abroad. Assuming some miracle happens and all these things level out in the next 24 months who's to say what is considered normal by then?