[kec]

Being a bubble does not mean there is no value in the thing, only that investment is outpacing the intrinsic value of the thing which is inherently unsustainable and will cause a collapse at some point. This also does not imply that the collapse will lead to a future value of 0.

[kevin061]

I mean, at this point we are arguing semantics and speculating on future events. My opinion is that there's no bubble. Yours is that there is a bubble. That's fine, we will see probably sooner rather than later (I expect the bubble / no bubble scenario to materialise within the next 10 years, probably even the next 3).