As people living outside the US know, these bubbles (like 2008) don’t lead to a crisis of their sector, but of the US economy at large which in turn, very unfortunately, affects everything else. Wall Street is held up by the Nvidia/OpenAI/Oracle holy trinity, and once that crashes it’s not only taking LLMs and GPUs with it

Capitalism, especially late stage, requires to keep “creating value” and more “territory” (money) to grow into. Printing dollars and using cryptocurrencies as collateral is just doing that.