OK, so in your world Bitcoin is an overpriced bubble. That's a reasonable position to have. I think it is overpriced too. It still doesn't make it a 'fraction

OK, so in your world Bitcoin is an overpriced bubble. That's a reasonable position to have. I think it is overpriced too. It still doesn't make it a 'fractional reserve system'. It instead means that the price is to high. These are different things, that have nothing to do with each other.