Could be. However, I don't think we will see the same sort of correction as last time- lasting years after the mt gox collapse. Bitcoin is a new asset class, like digital gold - and crypto currencies and companies based on blockchain technology using cryptos/tokens as raising capital IS the new thing. It's so hot right now (to qoute Zoolander) and it will continue to be hot.
I don't think Bitcoin will take a rest until it reaches $10,000 USD!