Not at all. Unlike tulips, there is an intentionally finite supply of "bits". I don't have money to put in it, and it could lose everything tomorrow if people stop believing in it, but so far, not tulips.
How could this work? Didn’t Bitcoin prove to be tulips?
In many respects it is already working. Forget about the technical mechanisms used to facilitate transactions. The concern that we should have is over privacy of transactions. That is already absolutely gone in the US. I am not a proponent of Bitcoin because I am a proponent of the greenback - which is no longer green. I have no trust in China to ensure privacy or any other progressive business. I guess in a way that makes me look at Bitcoin in a better light. But I am a conservative and I don't want to progress by my very nature.