as long as bitcoin has utility(function) then there is usefulness and desire. this then has a functional cost of making blocks. which causes people to then mine blocks.
bitcoin would need to have a massive death bug that kills all function for people to give this up.

you will find as millions of people have learned over the last 13 years. is. if there is money to be made. and a competition over that money. the costs increase which in-turn cause the willingness to sell for higher prices plays out.

bitcoins market price is not a factor of value based on a buyers willingness/amount they want to spend. because a user with less fiat can just by less decimals..

a true factor that can affect the economics. is the transaction fee. if the fee is too much then the utility/desire to use it drops.
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you usually see altnet loyalists shout out how bitcoin is dead, cant scale, wont survive not useful for daily use, too expensive for the unbanked.. but thats because they want people to use their altnet instead and dont care about bitcoin and, well basically they dont understand bitcoins potential or utility in the first place. nor do they know or care about bitcoins values or underlying value. so pretend it has none.. but thats a flaw in their understanding.

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anyways a history and real life lesson
even today people buy and sell tulips, and they make profit from it. tulips today has the same underlying value and values as it did in the 17th century.. its just inflation and the sentiment of the speculative price above the values has changed.. .. go to any garden centre for research, you will find them being sold
yep tulips didnt die 300 years ago..

and by the way.. just a gentle reminder. market price is not intrinsic value..

also the "mania" was not involving regular tulips being sold for house prices.. but a unique breed that only 1-2 were sold for house prices. and millions of other regular tulips sold for normal prices.

oh and by the way in recent years an orchid (a plant) sold for the price of a modern house. so its not just the 17th century one time event that plants sold for house prices only back in the 17th century.. "plant mania" continues on even in recent years.

have a good day doing research.. but please do go to a garden centre and buy a tulip. because i really think you forgot that tulips survived the test of time and that there are some breeds of plants even 300years after the mania you are unsure of, still happening today

oh and by the way. the market price is not the intrinsic value.. so please again dont confuse the two