We literally watched crypto/web3 do the entire speed run from weird nerd project to spam/ponzi/get rich quick/celebrity/vaporware shell game in a couple years. Like All The Way to stadiums being bought and international manhunts and average people losing lots of money with something they didn't understand to most people being annoyed by bots and influencers to virtually 0% of projects having any other purpose but to generate hype
(with actual ongoing interesting tech being built underneath it)
the fact that autogpt in One Week went from AI experiment to "why doesn't this ship money to my bank account or what is github I'm here for the free money" based on youtube videos and spam articles etc really does note bode well for the hype phase of AI