Thanks, read and upvoted your article! I completely agree that "Price comparisons do not themselves indicate bubbles.", this is a strong underlying argument. People could easily argue that the inflation of the US dollar, as well as other fiat currencies are bubbles, but this isn't a widely accepted argument because priced against other fiat currencies their values are relatively stable. Something will "pop", at least temporarily, whether that's fiat or cryptocurrencies, or both, is yet to be determined.
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