Bitcoin and the hype cycle

A few months ago there was an interesting blog post about how the bitcoin price chart shows quite some similarity with the hype cycle. Stating from Wikipedia (for those who have never heard of the hype cycle):

The Hype Cycle is a branded graphical presentation developed and used by US Information Technology (IT) research and advisory firm Gartner for representing the maturity, adoption and social application of specific technologies. The Hype Cycle provides a graphical and conceptual presentation of the maturity emerging technologies through five phases.

It looks like this:

At the time of writing, roughly six months ago, it was already interesting to look at the bitcoin price chart from this perspective. But flash forward a few months, and notice how the similarities seem even more apparent: