I think we are at the stage where the majority of people use crypto just for speculation and getting rich quick schemes. The point we are now is closer to money making than mass adoption of the underlying technology, which is not necessarily a bad thing, because money spreads awareness, but I'd rather like to see crypto adopted for what it really is, not for making people rich.
It has turned exactly into how rich can I get from crypto which is bad but understandable. You get it because everybody here is trying to make money and BTC not lose it but at the same time it is the marking of a bubble especially when those new participants don't know anything of the tech. In that regard when a crash happens it will crash harder because noobs will panic sell not knowing what they have in their hands. If you explained every part of bitcoin to somebody and they then sold I would say okay but at least they know what they have and what they are selling. Knowledge is critical as we move along here we need to educate people on cryptos.