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.
Honestly NFT's are definitely like tulip mania 2.0, that is not even a hard guess. It is obvious that people are not doing anything that makes sense during this period, they are spending money on things that actually has no worth at all. I hope that one day people will realize that they are doing something wrong, but the moment that is realized we are talking about something that is very horrible for all those people who spent that much money so far.
I hope that one day we will reach to a place where it slowly goes down, not over night but like in a year. So that people who spent so much money end up losing only a little, and everyone else loses only a little and there aren't like a horrible crash that sees billions of dollars taken away from NFT world in under a month. That would hurt crypto world as well, it would not be really a good thing for any of us.