The one vote on "No, this time it's different" is mine, because, yeah, this time is indeed different. Even Bitcoin-critical journalists won't once again write a "The Bubble has Burst" article because they already made a similar headline in the past.
And they're probably cognizant of the fact that their failed analyses and predictions have already subjected them to ridicule. The Bitcoin community has already laughed at them. Imagine writing an obituary after Bitcoin plunged from $65,000 all the way to $15,000 only to write a similar obituary a couple of years later when Bitcoin dived from $124,000 to $100,000. Doesn't that make them look like a fool?
Also, yeah, I'd say a Bitcoin "strategic reserve" or "corporate treasury" trend makes people more confident than ever, like, "come on, the asset that BlackRock, Franklin Templeton, Fidelity, and others are bullish about is going to die? You gotta be kidding me!" The rising asset that no less than the US' Donald Trump is acquiring is going to crumble? You aren't serious!
This is probably the prevailing thought right now. It will only be different if these huge names backing Bitcoin themselves are the ones dumping.