I was reading some articles today which pointed towards such a conclusion, just curious what others think about this notion.
What I would say is that bitcoin is less of a bubble than ethereum is.
Ethereum has risen 5-6x in bitcoin terms when bitcoin has risen 6x at least itself in the past few weeks. So this indicates that ethereum has basically shot up from the $10-20 range to all the way up to 400+.
The question is, how can ETH not be a bubble? It was less than 10 billion of breaking bitcoin's market capitilaziton when it was having network congestion issues due to a few ICOs. If the network is so fragile, then what will happen during mass adoption of EThereum?
Bitcoin on the other hand even though has scaling problems, has a much wider community. The price right now is high, but not unjustified. After all, Japan, Australia, and now INdia are all legalizing BTC. That accounts for at least 1/5 of the world population already that legalizes bitcoin.