What frustrates me most at this point is that the conspiracy theorists - whatever stripe they may be - will likely never admit to being wrong.
After time has passed and things returned to normal, those saying Covid was overblown or outright fabricated will point at things and say they were right all along, and those who claimed it's all part of an elaborate conspiracy to ruin the world will either say that step one is complete, and we must be ever vigilant for step two, or that it's only through their own valiant efforts we aren't living in a dystopian hellscape.