By seeing the following 10 slides, anyone with a brain can easily understand whether Bitcoin is a bubble or not.
Bitcoin is legal in El Salvador and being accepted as payments. Also, Japan's Payment Services Act approves Cryptocurrencies as payment methods.
Bitcoin was invented to eliminate intermediaries (like banks) to make transactions and at the same time to reduce the transaction charges as much as possible.
No one owns the Bitcoin blockchain network, it is completely decentralized. Therefore, Bitcoin bubble never burst if people don't lose faith in this cryptocurrency.
Bitcoin is very fast e.g. where wire transfer takes 3-7 days to complete the transaction, Bitcoin network completes the same mostly within 30 minutes.
It has given 46000X returns since launched which means $100 USD investment in Bitcoin in 2010 has now turned into $46,00,000.
Business pioneers like Tesla owner Elon Musk are fans of cryptocurrencies. He made a meme coin, Dogecoin, one of the most popular virtual currencies.
When it comes to Bitcoin acceptance as legal tender, countries have shown mixed reactions like Japan accepted it openly, India neither accepted nor denied cryptocurrencies.
Bitcoin primarily goes through 2 faces: Bull and Bear also known as Crypto Winter. Sideways face where BTC prices remain in a range does not scare people.
But when crypto winter starts, BTC prices drop a long way. The word Bitcoin Bubble starts buzzing around. Bitcoin data shows, in bear face, coins prices may drop by 70%-80%.