In a very interesting piece published yesterday, @zerohedge (I don't know if this is his real account on Steemit, but I refer it anyway) gave the most reasonable explanation of the cryptocurrency status and why we are not - yet - in a bubble.
The true potential value of cryptocurrencies will not become visible until the global economy experiences a catastrophic collapse of debt and/or a major fiat currency. These events are already baked into the future, in my view; nothing can possibly alter the eventual collapse of the current debt/credit bubble and the fiat currencies that are being issued to inflate those bubbles.
The skeptics will continue declaring bitcoin a bubble that's bound to pop at $3,000, $5,000, $10,000 and beyond. When the skeptics fall silent, the potential for a bubble will be in place.
When all the former skeptics start buying in at any price, just to preserve what's left of their fast-melting purchasing power in other currencies, then we might see the beginning stages of a real bubble.
Full article here. Be aware, it has a lot of scientific references, not your usual pseudo-journalistic mumbo-jumbo.
I'm a serial entrepreneur, blogger and ultrarunner. You can find me mainly on my blog at Dragos Roua where I write about productivity, business, relationships and running. Here on Steemit you may stay updated by following me @dragosroua.
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