More like, the "back to reality phase" that bitcoin essentially holds no advantages over traditional payment systems aside from some "pseudo anonymity" and really shouldn't be valued more than a couple dollars per coin at best.
Other than it's faster, safer and cheaper than any other payment system, which is huge.
Faster and cheaper? Of course. Safer? Not even remotely. FDIC ensures most people have nothing to worry about when it comes to USD and banking. This industry is ripe with scammers and fly by night companies. Not to mention that with the large mining farms and dedicated TX nodes Bitcoin has become more and more centralized.
Bitcoin was a great experiment. Unfortunately it has a huge flaw in its model - the human element.
Safer? yes. No system is as safe as bitcoin. By comparison credit cards are a joke. There are scams everywhere but those who "invest" in scams are not exposing a bitcoin risk, they are the risk. The FDIC insurance does protect your money. However you could also insure your bitcoins. Like any insurance, you have to pay for it.
I am on my third bank card in a year, but I still have bitcoins from 2011. If you do your job and secure your coins they are very safe from thieves.
We must be using different versions of the word 'safe' then. Bitcoin is as far from safe as you can get for the average person.