Yes, this is almost certainly true. Carlota Perez installation phase going on. Overbuilding of capacity, crash, then everything comes true in deployment phase, 10 years later than the frenzy people thought.
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I think this bubble will be similar to dot com: the market will very much get ahead of itself, but the long-term thesis is correct. Take advantage of the current ride, get out when it’s absolutely insane, then stay interested during the bear market for long-term investments.
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