Is Bitcoin (crypto) a Bubble? Here are the accurate arguments from each camp, imo.

tldr: no

Here are the accurate arguments for each camp:

Crypto Currencies are a Bubble

• Compared to normal businesses, many crypto currency projects have outrageously high valuations, especially considering how many of them are still at the idea or prototype stage.
• Many crypto investors have only seen huge success and are excessively exuberant.
• Many crypto investors make investments with little or no serious research.
• The deluge of money has attracted unsavory entrepreneurs.

Crypto Currencies are not a Bubble

• Crypto currencies are a new technology that allow people to do things which were previously impossible, namely structure incentives with strangers in a way that does not rely on trust.
• Crypto currencies solve real, tangible, important problems.
• Normal people have access to investment opportunities like never before. The most charitable explanation you can give to the ridiculously high valuations of idea-stage projects is that people are willing to risk failure and fraud to have a stake in world-changing research.
• The values of crypto currencies will not go to zero.