There are many nocoiners that claim that Bitcoin is “Tulip Mania 2.0”, but it has been 10 years. How long must the protocol keep running before the rest of the world accepts that Bitcoin is not going anywhere. In fact, it opened a Pandora’s Box of new possbilities. BUT, I believe the next “Tulip Mania” for this bull cycle are, NFTs.
It's true considering the number of NFTs around I can easily say that it's tulip mania, but just like the altcoins cycle, the ones that gained steam the earliest will surely survive in the long run, the prices might not remain this high but the technologies and ideas definitely will. The problem with NFTs is obviously the utility, they are collected merely as a rarity token and are currently going up due to their trend, once the trend is over obviously 70-80% will regret buying one and the other side is also true that 90% will regret not buying one by seeing high prices of the ones that gained steam early or would still remain popular at that time.