Stop calling the recent expansion of the cryptosphere a bubble. We are not in a bubble. We are simply experiencing the rapid expansion of a nascent technology with new entrants and their fiat entering the market. A bubble is when everyone is talking about cryptos, e.g. your taxi driver, the bellboy, etc. Outside of my close circle of tech colleagues zero people are talking about Bitcoin.
That is strange, because everybody who I see in real life is talking about bitcoin. CNBC posts like 5 articles per day about bitcoin. Awareness of bitcoin has never been anywhere remotely close to as high as it is today.
Furthermore, bitcoin's price has increased by nearly 300% in the last 3 months, but its adoption and intrinsic value has not increased by even close to that amount, meaning there is a growing disparity between value and price caused by the over-buying frenzy we are seeing today.
Lastly, bitcoin has formed bubbles over and over again
consistently for as long as it has existed. Why is it that you think it is different this time? There were about a thousand posts on this forum in 2013 about how it is not a bubble.