if it had been a bubble it would have bursted a long time back.its survival inspite of the fluctuation shows it not being a bubble.it is just settling in the economy with a lot ofstruggle
Some people might think that the cryptocurrency bubble has already burst. Bitcoin has lost 70% of its value, other cryptocurrencies have lost 90-95% of their value. Bitcoin is definitely surviving, but it is a pale shadow of its 2017 value, in terms of price.