I hope you are right but the appearances (in terms of people investing recklessly) are very much like a bubble.
Crypto is the future for sure and a bubble is not going to stop it, but it will slow it down when it pops.
The same thing happened with the dotcom bubble and the internet.
The internet is stronger than ever but that does not mean the bubble didn't occur and that it was not a massive setback.
There is no harm in exercising caution and judgement.