Honestly, I would say the hype is justified. Nobody expected Bellingham to hit the ground running like this at the biggest club in the world. The man is supposed to be a midfielder but is scoring like Ronaldo. Of course it won't last and the vultures will be out as soon as he goes missing in a few games but his start is honestly unprecedented. He is winning us points in almost every match. Nobody expected this level of impact. The Madrid team is built around a 20 year Englishman on his first season in Spain and it's fucking working. I am biased obviously, but for me he deserves all the hype.
Yup, you are right without it everyone would be calling Bellingham a bum. It's not like he is one of the most in form players in the world in his debut season at a top club after joining for a huge fee.