This paper aims to try to conclusively figure out whether cryptocurrencies and digital assets, which some investors call “assets of the future” are in a financial bubble, and using past data aims to find out what will happen if this bubble bursts, and what will be the future of this asset class. This paper hypothesizes that cryptocurrencies are in fact in a bubble, but due to the utility and use cases of this technology, some elements of this asset class may survive and may be able to fulfill the purpose of cryptocurrencies. Through the research conducted in this paper, it is concluded that cryptocurrencies were in an economic bubble, and the bubble burst in 2022, causing massive losses. The paper, however, also concludes that some parts of cryptocurrency may survive and like the hypothesis states may be able to be the future of finance as a whole, and fulfill the initial purpose of why cryptocurrencies were created.