Could Crypto get to a point where it’s a Bubble?

Crypto mainstream adoption equals more and more like a new fancy way for Gen Z investing. — My question is: If the majority isn’t even using the blockchain technology, and is investing in it to simply profit off it, can it lead to a bubble?

• The majority of Crypto isn’t even on-chain anymore. Most of the transactions are off-chain.

• New users don’t even want to understand the technology and the usefulness behind Crypto.

• Mainstream adoption means relying mainly on centralized solutions, regarding storage and security.

• Blockchain technology will probably be unnecessarily implemented in industries where other tech solutions are more efficient.

I think in the future this could potentially play out like the dotcom bubble. That cryptocurrencies become so overvalued for the simple fact, that they are cryptocurrencies, “the new big thing”.