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 This is exactly how #dotCom bubble shaped up . Just adding a dot com website didn't make you an internet company .. Likewise  buying bitcoin on treasury with borrowed fiat doesn't make you a Microstrategy. To emulate Saylor , you  must have Saylor's conviction and vision .. or else we are crawling fast towards a #dotCoin bubble .. 

The key charater of bubble is we lose connection to the underlying reality .. truth is no one buying coffee with btc just the way no one was running real ecommerce in 1999 .. there was no social media ..no smart phone ..  

 
 The amount of work that needs to be done on lightning and nostr is probably 10 x of what was done on internet from 2000 to 2010 .. and we need to do it in  two to three years ..  hype machine besides ; work must be done for btc demand proof of work 😞 .. 
 but the dot com bubble bursting didnt bring us back to reality, because fiat is a lie 
 // Fiat is a lie 

I assume you mean currencies when you say fiat .  

Just the way assets are permission less , decentralized and market priced ; currencies are supposed to permission-ed , centralized and fixed price .. 

Currencies have a very important role to play in the economy . Think of them as two wheels (assets and currencies) of economic system. 

While assets ensure a storage of value to the holder , currencies offer liquidity in market to bolster risk taking . Their primary goal of currencies is to  incentivise commodity manufacturers through subsidies. In an "asset only" world the commodities soon lose the price because we need mass production of commodities. In a hypothetical "asset only" world , only scarce things attract value. If commodities become scarce - eg people stop producing wheat  - poor will die of hunger . In essence governments all around the world ( issuers of currency) must provide subsidies or minimum price guarantees to commodities manufacturers. You don't want volatility in bread and milk :-) 

That said there are good or bad currencies just like there are good or bad assets  .. In my mind btc is the best asset and USD is the best currency todate .. we need both of them for a functioning economy ..