Quite a few of the usual suspects are involved in Crypto, NFT’s, “Metaverse”, and now AI. You’d think people would figure it out, but there’s the old Upton Sinclair quote I guess.

Tulips, NFTs, and the Metaverse all revolved around exclusivity and collectibles. Art with no real utilitarian value.

I pay OpenAI $100/mo, twice what I pay for my mobile phone service.

It’s a useful service that I use every day.

I have never even heard of anyone in my social circle expressing even a mild interest in tulips, NFTs, or the metaverse.

This bubble has much more in common with the rail road boom and the 2000 fibre build out bubble.