Don't forget the Japanese stock market that could never recover from the bu bubble in the 80s.

Technically it did recover. The price hasn't but if you factor in dividends (ie. total return), you'd be up 32.228% between 1989 and 2021.

Adjusted for inflation it's a huge loss. Sure it beat holding cash though, holding cash is for sure the worst thing you can do.

Not everything is a buy and hold trade.

The tulip bubble ended because the bubonic plague killed all the speculators and didn't even affect the spot market of tulips, so we don't even know what would happen. Worst bubble example.

There were several great, rational, trades with beanie babies as well that has nothing to do with the latecomers that hoarded them and acted surprised and delusional when they were holding the bag.

Out of all the famous bubbles, I think equities bubbles are more useful examples of irrecoverable irrational exuberance than any commodities/product bubble.

I think crypto has already proven itself. Every time it's increasing people say it's a bubble, then it retraces and they say "see!", and then it recovers and excels and they repeat. Only the delusion would disagree.

Not proven yet. Still needs another decade and the illusive good use cases. We need to see the pandemic impacts abated to see if "crypto" holds value.

Pornhub's premium service already uses crypto and has since the credit card monopolies threw them out in 2020. I just checked - the only other way to pay is by ACH.

If porn is the bellwether, then use cases have arrived.

Or more likely, crypto has found yet another morally repugnant use.

The CC companies withdrew from PornHub because their business model was paying for the production of child pornography.

Crypto pops up its ugly head yet again. Not a coincidence given the other "killer apps" are extortion, money laundering and greater fool farming.