A conspiracy theory is just a theory until it is proven true or false. It is actually more like a hypothesis, it is a theory that can be investigated.

I am tired of people everywhere insisting they own the truth and if I don't believe them I am a conspiracy theorist. Show me the evidence and let me decide on my own, if your evidence is compelling then I might believe it. There is no compelling evidence one way or another for the Covid virus, but there is circumstantial evidence for it being a lab leak and also some evidence it came from a wet market. Maybe one day we will find a "smoking gun" or something that proves it one way or the other, or some link to Bill Gates or whatever, but until then, it is just a theory.