Hey Cryptovestor, you always mention, that cryptos are in a bubble and that it is going to pop. But isnt it always a bubble, if the price of an asset is higher than its value? And clearly the value of cryptos is not very high right now, but fundamental investors would bet, that the value is going to raise in the future and eventually meet the price, which represents its value.
If you look at Tesla for example, it is the same bet like in cryptos. Zero return on investment, selling like 50.000 cars a year, but its price is at the same as GM. That is also a bubble, because people are betting on, that Tesla is going to be another big premium carmanufacturer.