It’s like railroads, cars, radios, video games, computers, the internet .etc.
Any new world changing technology ends up making a bubble because investors live in the fantasy land of what could be possible. Eventually it pops and you get a more measured approach for what that tech is useful for.
The 1870s railroad crash didn’t kill railroad. Neither did bubbles popping in the 30s around cars or radios. Same for the internet in 2001.
It’s like railroads, cars, radios, video games, computers, the internet .etc.
Any new world changing technology ends up making a bubble because investors live in the fantasy land of what could be possible. Eventually it pops and you get a more measured approach for what that tech is useful for.
The 1870s railroad crash didn’t kill railroad. Neither did bubbles popping in the 30s around cars or radios. Same for the internet in 2001.