The crypto bubble is the ai bubble. AI was the answer to “what are we going to do with all these chips and servers now that crypto crashed?”
Actually…
Crypto mining requires high compute throughput.
LLM’s require high VRAM.
Very different objectives and hardware in mind.
The bubble isn’t just the thing itself, its all the services and infrastructure that built up around it. Crypto doesn’t have to be awful, its just a tool, a ledger. But it exists in its current form because of what it creates, what kind of economic activity it stimulates. My point is that all the grifty ass economic hype activity around crypto just moved to AI
But I do appreciate the clarification, it gives me a chance to refine my perspective
Running the model? Sure. Training the model still requires high compute throughput.
There seems to be a few people in this thread who don’t understand that the crypto bubble describes when tech bros kept promising to use the technologies that power cryptocurrency in other applications and then running away with investors’ money. That it has nothing to do with the value of any specific crypto currency.
My particular issue is that the Venn Diagram of crypto bros and ai bros is a circle
There were people profiting from the dot com bubble, from the crypto bubble, I’m pretty sure there will be people profiting from the AI bubble crashing. But surely not the average people, it’ll be big corporations which profit no matter what.
Nvidia comes to mind.
I’m not sure that this meme is using “offline” correctly. I use AI offline, which means I absolutely do know that it’s not going to “go away.” It’s running on my computer, it’s stored on my hard drive. Ten years from now I will still be able to run it regardless of what’s happened in the outside world. I welcome offline AI integration into software, that’s the best way to do it when possible.
Tech bros are shoving AI into things that really do not need AI. If it’s garbage I don’t need IDGAF if that garbage is offline, I still don’t want it on my computer.
AI is not a bubble, it’s cartel. The only way to destroy it is to abolish monopolies or establish competition and as you can see it is not going to happen. GabeN where is my steam phone ?
Gaming bubble?
Crypto bubble? BTC is near its all time high that was last month… People tend to really over exaggerate how hard the prominent crypto currencies crash.
Edit: People seem to not understand that crypto is short hand for crypto currency, not all of everything ever made with blockchain. Swap crypto with NFTs and the meme makes sense.
Dot com bubble? I was on a website last month!
I’m not sure you are making the argument you think you are making.
Where was the bubble for btc?
Crypto bubble, not bitcoin bubble, don’t move the goalposts.
Did you miss out on the fad of putting block chain and nfts in everything and calling it Web 3.0? (A move that also completely missed why it was called Web 2.0 in the first place.)
When we bought our house in ‘19 we were told that in the future there would just be a block chain for the house and we wouldn’t have to sign any actual papers…
Replace crypto with nft and I would agree there was a bubble. But crypto is not nfts. Crypto is short for crypto currency, such as btc and eth. I’m not moving the goalposts, you did by lumping in all of blockchain. You seem to agree that I was right.
Bubbles are about capitol investment not a single product. The crypto bubble, like the dot com bubble, are so named because hype inflated the value and when they popped investors (in capitol not crypto currency) lost a lot of money and people lost jobs not because the product went away.
In technologies around crypto, not in crypto. Crypto exchanges like Coinbase that maintained some ethical standards did just fine.
Crypto bubble, not bitcoin bubble, don’t move the goalposts.
Okay, where was the crypto bubble, then? The total market capitalization for cryptocurrencies in aggregate had a significant bump in the 2021-2022 timeframe, but it’s since recovered from and far exceeded that so if that was the bubble it didn’t cause any permanent harm. BTC largely follows the overall cryptocurrency market.
As OP said, the crash of cryptocurrency has been exaggerated.
They seem to be conflating crypto currencies with the blockchain technology that enables crypto currencies. If the original meme uses NFTs, it would be accurate.
I think the NFT bubble is more apt.
Ah, in that case I’m on board. That was obviously a bubble.
BTC is still only being used by people who want to get rich from it. It is an investment, not a currency.
And therefore it will never be anything more.
I have no argument with that. That’s definitely how btc is used.
Crypto was sold as a world changing technology. It hasn’t delivered.
I don’t think this is true, but a lot of this impression is probably because much of the growth in actual use of cryptocurrency for everyday finance is happening outside of places like the US or Europe:
In the 12 months ending June 2025, APAC [Asia-Pacific] emerged as the fastest-growing region for on-chain crypto activity, with a 69% year-over-year increase in value received. Total crypto transaction volume in APAC grew from $1.4 trillion to $2.36 trillion, driven by robust engagement across major markets like India, Vietnam, and Pakistan.
Close behind, Latin America’s crypto adoption grew by 63%, reflecting rising adoption across both retail and institutional segments. In comparison, Sub-Saharan Africa’s adoption grew by 52%, indicating the region’s continued reliance on crypto for remittances and everyday payments. These figures underscore a broad shift in crypto momentum toward the Global South, where on-the-ground utility is increasingly fueling adoption.
There is also the way stablecoins are now a growing top 20 holder of US debt, and major financial institutions moving to have infrastructure on crypto networks. Change is happening even if it isn’t immediate or directly visible to everyone.
I again think you mean blockchain.
I traded crypto to pay for my AI machine.
I feel like I’m stacking bubbles.
As long as you jump out before the burst, you’re doing great.
Shh, people don’t like to hear that cryptocurrencies are still around and doing just fine.
Every “crash” is usually still higher than the previous high. That is if you ignore all the shit coins out there.
