this post was submitted on 09 Sep 2025
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Dot com bubble? I was on a website last month!
I’m not sure you are making the argument you think you are making.
Where was the bubble for btc?
Crypto bubble, not bitcoin bubble, don’t move the goalposts.
Did you miss out on the fad of putting block chain and nfts in everything and calling it Web 3.0? (A move that also completely missed why it was called Web 2.0 in the first place.)
When we bought our house in ‘19 we were told that in the future there would just be a block chain for the house and we wouldn’t have to sign any actual papers…
Replace crypto with nft and I would agree there was a bubble. But crypto is not nfts. Crypto is short for crypto currency, such as btc and eth. I'm not moving the goalposts, you did by lumping in all of blockchain. You seem to agree that I was right.
Bubbles are about capitol investment not a single product. The crypto bubble, like the dot com bubble, are so named because hype inflated the value and when they popped investors (in capitol not crypto currency) lost a lot of money and people lost jobs not because the product went away.
In technologies around crypto, not in crypto. Crypto exchanges like Coinbase that maintained some ethical standards did just fine.
Okay, where was the crypto bubble, then? The total market capitalization for cryptocurrencies in aggregate had a significant bump in the 2021-2022 timeframe, but it's since recovered from and far exceeded that so if that was the bubble it didn't cause any permanent harm. BTC largely follows the overall cryptocurrency market.
As OP said, the crash of cryptocurrency has been exaggerated.
They seem to be conflating crypto currencies with the blockchain technology that enables crypto currencies. If the original meme uses NFTs, it would be accurate.