Bitcoin IS a bubble.. ..its just that there is nothing to pop it.

All other bubbles are ultimately popped when high prices induce increased supply.

The same is true of the other examples in that piece - amazon, google etc.

The world has never seen anything like bitcoin and is completley unprepared for its economics.

https://swinehoodsremedy.substack.com/p/on-the-fair-value-of-bitcoin-and