Bitcoin is a bubble.
No matter what anyone says, it's a bubble.
The fact that blockchain is a great technology that will change the world doesn't explain why bitcoin, an outdated platform that failed to deliver on its promises, would be valued at $20000 while there are much better alternatives.
Its meteoric rise can be explained by FOMO of people that want to get rich quick with no research at all. And maybe tether scam if it turns out to be one.
Please stop conflating blockchain the technology with bitcoin the platform. Granted, bitcoin was the first and without it there would be no market to talk about right now, but the time has come to stop beating the dead horse and move on. Exactly as it was with the .com bubble, the time has come to valuate platforms on the basis of their tech and product.
I'm using referencing blockchain to Bitcoin because that's the only thing most people do know when it comes to crypto financial investment. Do you think Jack Ma said "Bitcoin?" he meant it as a reference for all those who doesn't understand what blockchain is.
So instead of explaining they are not the same thing you just tell them
nah, not a bubble, all is fine!