Really glad you touched on this topic. For an asset to be considered in a bubble it's price must have inflated to much greater levels than the fundamental value of the asset where the average person can no longer afford it. As we know, it's ludicrous to say BTC is in a bubble b/c it can be purchased in a fractional nature. The term "bubble" is the one of the favorite terms the financial sector likes to throw around to create FUD in any markets nowadays.
The crypto market is so small, (along with the Gold and Silver markets) that's it's quite easy to manipulate by spinning a narrative to create fear and uncertainty. One thing BTC has going for it write now is that it can't be shorted by paper derivatives, but the the financial sector is working to fix that in the future by creating derivatives exchanges where this will be possible.
You hit the nail on the head about cypto being a major threat to the banking sector, in my opinion it's their greatest threat they've ever faced. The mainstream acceptance of crypto which would inevitably promote peer to peer exchanging of funds would cost them hundreds of billions annually in fees, and if a crypto lending system would ever be developed, derailing their fractional reserve banking system, it would make them obsolete.
It will be quite interesting to see how hard the banks push back against crypto in the coming years as more and more people discover the many positives crypto currencies can bring to their lives. Great topic and have a great day brother!!
Yes, I also think we are far away from a bubble if you can even call it that. I wish you a fantastic day as well, and thanks again for an awesome comment.