None of that shit you wrote makes much sense to me. The internet bubble in the 90s totally allowed stupid ideas to flourish, and HUGE amounts of money to be wasted, money that could otherwise have gone for legitimate things. Do you even remember that? Yeah, the sense of euphoria is great, but only in a degenerate drug addict sense. It's a temporary thing that feels really good, but it's unsustainable and ultimately does harm.
So about this here bitcoin bubble we're inflating. It is a bubble in the making, but I see this as people playing with monopoly money. Bitcoin isn't a stock, and hopefully people aren't mortgaging their houses to buy crypto. If we crash back down to $420 tomorrow, I won't have lost much money and it will have been a good ride. But if the stock market crashed, I'm a bit screwed, as are millions of people who own stocks or have 401(k)s.
This and this and this.
Bubbles are wasting a lot of money and time and resources for nothing. Just to spread the misery to people who had nothing to do with the bubble.
And what is worse is that people don't learn a damn thing because there are some like the op who sees ponies and rainbows everywhere.
Remember the last crisis?
It was good no? All the business who couldn't survived went bankrupt. And a lot of people with them..
But it was good right?
Let's have another one