Everyone keeps asking:
“Are peptides a bubble?”
Wrong question.
Bubbles form when valuation detaches from fundamentals.
Peptides are amino acid chains interacting with receptors that have existed for millions of years.
There’s no “bubble” in receptor biology.
What’s inflated is narrative.
The real volatility is coming from three forces colliding at once:
Pharma-level innovation (triple agonists, improved synthesis)
Mass consumer awareness
Regulatory compression
That creates turbulence.
But turbulence is not collapse.
Here’s what most people miss:
Every biotech wave follows the same arc.
Insulin.
Testosterone.
Stem cells.
GLP-1 drugs.
Phase 1: underground use
Phase 2: influencer amplification
Phase 3: regulatory tightening
Phase 4: institutional adoption
Peptides are between 2 and 3.
That means the reckless phase is ending.
The literacy phase is beginning.
If you’re here for shortcuts, this cycle will frustrate you.
If you’re here for signal understanding, this cycle is an opportunity.
The molecule doesn’t disappear.
The amateurs do.