It depends on your perspective. You can look at the same thing from multiple angles and get different views. People have been saying it's a bubble since the beginning. It has had it's skeptics, just like Tesla has had it skeptics since inception and continues to do so.
I treat it more like a tech company AND a store of value than a form of currency (although I do believe it will become a everyday form at some point in the future). That's my perspective. The tech behind bitcoin/blockchain will absolutely disrupt so many industries, especially the federal reserve and banks as we know it. It's in it's early stages despite it's gaining popularity and big rise in value. However, it will continue to rise in value because as more and more people realize how disruptive this is, they buy into the vision and start to believe in crypto's and thus buy into bitcoin no matter how small or big your buy-in. Which is why I bought in now.
Much like how as more and more people experience driving a Tesla vehicle, they realize how much more amazing it is compared to traditional gasoline cars. How important it is we transition to a more sustainable form of transport. Then more people buy Tesla cars/electric cars and it grows and grows. Bitcoin/Ether is at the same level with such companies like Uber, Airbnb, Tesla, etc. All major major disruptors in their industries.
Remember that the market cap currently is only about 194 (rounded up) billion vs Gold at about 8 trillion (rounded up). The S&P 500 Market Cap is at about 23 Trillion (rounded up). Despite it's big value per coin at the moment, it's still small much like how Tesla is still small today compared to the rest of the automotive industry. Don't underestimate Bitcoin.
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