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Myth: Bitcoin is a Bubble - Coinbase Crypto UniversityIn June of , after the big crypto crash, I went out on a limb and predicted that Bitcoin would see at least one more big bubble (and crash). With regard to points B) and C), a large body of academic research shows that bitcoin prices evolve as a value network and are the cause of. Musk gave bitcoin a big boost when Tesla TSLA +% purchased $ billion worth of bitcoin and agreed to accept the cryptocurrency as payment.