The bubble debate around AI stocks mirrors conversations we heard about crypto in 2017 and 2021. But here's what matters: infrastructure providers win during transformative shifts.
Following the Infrastructure Money
When AI companies project half a trillion dollars in chip revenue visibility, that's not speculation it's contracted demand. Compare this to Binance processing billions in daily trading volume even during crypto winters. Both represent genuine infrastructure needs, regardless of market sentiment.
The parallel is instructive. During crypto booms, everyone focused on Bitcoin prices while exchanges like Binance built essential infrastructure. Today, everyone debates AI valuations while chip makers build the computing foundation everything else requires.
Three Shifts Driving Decade Long Growth
We're seeing simultaneous platform transitions: legacy computing infrastructure needs replacement for AI workloads, generative AI is moving from experiment to production, and physical AI applications haven't even begun scaling.
This mirrors crypto's evolution—from speculation to DeFi to institutional adoption. Each phase required more infrastructure, not less.
What The Numbers Actually Tell Us
User bases jumping from 300 million to 800 million USD in one year. Revenue projections expanding from $1 billion to potentially $26 billion annually. Market forecasts suggesting 25 fold growth within a decade. These aren't bubble metrics they're adoption curves.
Binance and BNB's journey from startup to processing trillions in annual volume took similar exponential leaps. Infrastructure demand scales with adoption, not hype cycles.
The Real Question
Ask not whether AI or crypto is overvalued. Ask which companies control critical infrastructure chokepoints.
We're early in a twenty year transformation. The companies providing essential infrastructure for AI computing, like those providing infrastructure for digital assets, are positioned for sustained growth regardless of short term sentiment.
The bubble concerns will persist. But transformative technology requires transformative infrastructure. That's not speculation. That's how paradigm shifts work.
