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RE: The crypto bubble is global in nature
I really don't know if we will be able to call it a bubble as bubble always come down and given the same facts you state, it will drive the value and price higher as it remains in demand. There will be certain coins that moon for speculation and ultimately do not deliver and come crashing down but the value of cryptos in general should remain high as adoption increases and their use proliferates globally.
A bubble just implies inflated asset prices compared to fundamentals. When everything is based on speculation I think a bubble is an accurate description. Though, I think there will be bubbles inflating and bursting within the context of a much larger bubble that will continue to inflate over the next couple years.
Yeah I feel like the term bubble implies a pop that we can't recover from, yet we seem to keep recovering over and over again.
Smaller bubbles inflating and bursting within the context of a much larger bubble that is still in the early stages of inflating. :)