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Is TQQQ a worthy investment?

If you don't know what $ProShares UltraPro QQQ ETF(TQQQ.US)$ is, it's a 3x leveraged ETF based off of the QQQ. Please do research if you plan to invest in TQQQ, it is a very high-risk investment. Only put in what you can afford to lose.
$ProShares UltraPro QQQ ETF(TQQQ.US)$ has fallen from $90 at ATH to just $17 now. Would you guys consider this a wise investment going medium to long term? If QQQ hits $200 within the next couple of months, TQQQ will be about $10-$14. And realistically, I don't see QQQ (currently $260) going below COVID lows of $170.
I say this for a few reasons:
1. Inflation exists, there is more cash in circulation now than in the pre-COVID markets.
2. 2020 COVID was absolute panic and we just aren't there, we know more about what's happening in our economy than we knew about some random virus from China.
3. $Invesco QQQ Trust(QQQ.US)$ has already fallen 35% (TQQQ 81%) from ATH and it fell 28% for COVID (TQQQ 71%). The upside of the market outweighs the downside of the market within the next couple of years.
4. If you bought QQQ in 2010, you'd be up 650%. If you bought TQQQ in 2010, you'd be up 4000%. Across a long enough time horizon, the market always recovers, and TQQQ is more or less the same. So even if you don't time the market, if you just wait, your investment could easily multiply.
Okay, so why is this important?
If you bought TQQQ at the COVID low and sold at ATH, you'd have made over a 1000% gain. On the contrary, if you bought TQQQ at ATH and sold now, you'd be down 81% (as previously mentioned). Even if you are a bear, as long as the markets recover in some capacity within the next couple of years, your investment could have a lot of potential as long as you average down slowly in the short term.
When could we see a pivot in the market?
Well, I'm no genie, so I have no say in the matter. Although if you asked, "how could we see a pivot in the market," I could answer. The answer is simple: when inflation cools down. I don't mean inflation has to be 0%, I mean cool down as in, there is a clear downturn in inflation that is enough to cause a FED pivot to decrease rates. Then, people will be able to buy houses again which will stimulate the economy and so on. If I had to take a bold guess, I could see this happening within 6 months because people are not buying things anymore like they have stimulus money, this will help inflation cool (because demand decreases, prices decrease) which will jumpstart the previously mentioned cycle.
What are the downsides?
Well, let's say that QQQ falls to the COVID lows of $270 within the next couple months, your investment would only be worth around $5. So yeah, good luck gaining that back. It would have to over 3x to get back to where it is today which, realistically, would take a long time.
So, with all of this said, TQQQ would outperform the rest of the market if we see a green turn in the near future. It's okay to disagree with me for being bullish in the medium term, so tell me your thoughts. Do you think TQQQ is worth it right now? $ProShares UltraPro Short QQQ ETF(SQQQ.US)$
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