True, and that's a legitimate argument - that bitcoin is simply the largest bubble in human history. But I think this argument is very unlikely, it's been over 10 years since the introduction of Bitcoin, and it's already gone through a period of euphoria and crash, only to sustain itself and break through its previous highs. Bubbles don't tend to do this, nor do they last this long.

Maybe Bitcoin works as a decentralized bubble, it pops somewhere and it can comeback again.

Actually : better argument : how many bubbles poppings did tulips, Beanie Babies, etc. "survive" each (as a "viable" financial instrument) ?

Because I've lost count for bitcoin : it's about to have it's, what 5th or 6th, bubble-popping ? (Coming back stronger each time.)

Hmm, how long did the tulip mania last?