How can you possibly look at what LLMs are doing and the progress made in the last ~3 years and equate it to crypto bullshit? Also it's super weird to include IoT in there, seeing as it has become all but ubiquitous.
I'm not as bearish on AI, but its hard to tell if you can really extrapolate future performance based on past improvements.
Personally, I'm more interested in the political angle. I can see that AI will be disruptive because there's a ton of money and possibly other political outcomes depending on it doing exactly that.