whats the phenomenon called where demand for speculating on the asset is larger than demand for the asset?

Farcaster Product Studio @ https://dTech.vision 💜 in love with tech 🤓decentralization, fitness and oldschool rap 😎

> the term tulip mania is now often used metaphorically to refer to any large economic bubble when asset prices deviate from intrinsic values.

this checks out

though one thing i'm getting at is i'm not sure if this is always a "bubble" ie something that will "pop" - but rather the speculative demand might end up sustaining and just becoming baked into the "intrinsic value"

haha yes https://warpcast.com/six/0x13a8d5e0

speculation doesn't necessarily mean bubble.