It's not a traditional bubble yet. It's growing rapidly and eventually there will be a pop. But as with all bubble bursts, they come back to become bigger and badder than ever before. Look at the stock market during the dotcom boom, bust, and today.
With that said, along the way we'll have plenty of volatility like in recent weeks. And it may take some time to see a real burst of the bubble because this space is really about being inclusive to the entire world. It isn't limited to a single geographic location. That means this thing can expand and expand and expand with trillions of dollars.
The moment it bursts is really when there is no more money being put in. All the buyers have bought, and only sellers remain. I'm hoping that is a long long ways away.
We're all very early to this game... crypto is only 8 years old, and it's only JUST begun to explode this past year. It'll be a fun ride. Good post! Upvoted!