I think the author is incorrect to look at the cycle of market bubbles and should instead be looking at the Gartner Hype Cycle. We are currently at or just past

I think the author is incorrect to look at the cycle of market bubbles and should instead be looking at the Gartner Hype Cycle. We are currently at or just past the peak and moving into the trough of disillusionment (to wit: this article). Eventually the companies that are actually building useful technology will emerge and win out in the long run, the others will fail. Just the same as any other new hyped technology. https://en.m.wikipedia.org/wiki/Gartner_hype_cycle https://en.m.wikipedia.org/wiki/Gartner_hype_cycle