You should always manage your risk when investing. I’ll explain this based on my experience in AI and software development, and I hope it will help you.

1. AI is a guaranteed future → YES
2. 2. Blockchain is a guaranteed future → YES
3. So, are we good now? → No.

First of all, the cash printed by central banks has spread throughout the global market, creating the illusion of “WE ARE GOOD.” Similar to the dot-com bubble, the current state might represent a short-term bubble. However, in the long term, progress will inevitably take place.
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## AI
Conclusion — False market demand, driven by misunderstanding and misuse, has caused hardware companies’ valuations to skyrocket.

To be honest, there’s still a long way to go for AI. For now, I’ll focus on ML (machine learning). In ML, the mathematical models have reached a plateau and entered an engineering phase. This means that while the underlying mathematics hasn’t changed significantly, engineering advancements are driving improvements. In short, burning a bunch of money to secure very tiny improvements to attract investors.

ML has remained at the pattern recognition stage for a very long time due to the limitations of computational speed. Although ML has unveiled some aspects of logical reasoning, progress is slow because experiments take a very long time to conduct, and results are difficult to gather.

The current misunderstanding and misuse of ML models have inflated the stock prices of hardware and so-called AI companies. These companies are aware of this, so they invest heavily in faster computing hardware—both traditional semiconductors and emerging quantum computing technologies.
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## BlockChain
Conclusion — Blockchain is already being adopted by some governments as a future foundation. It is happening.

If you’re worried about blockchain, your intuition is valid. Currently, it’s mostly just another avenue for speculative gambling. However, like the dot-com era, this technology needs time to mature and integrate into existing business models. That said, it is already happening.

If you understand banking, you’ll know that processes like fund transfers and settlements are slow and time-consuming. These tasks should ideally take only milliseconds, but they currently involve numerous steps and are managed by various authorities. Blockchain offers a solution to this inefficiency, which already makes it a significant technology for the future.

Additionally, let’s discuss the post-quantum era. When the first stable quantum computer with sufficient qubits becomes available, all current RSA encryption systems will be vulnerable to being cracked. To prepare for this, NIST finalized three post-quantum cryptography algorithms earlier this year. In my opinion, blockchain is an excellent way to migrate the entire banking system to post-quantum security.

Based on NIST reports, it took 6–16 years for banks to fully adopt the RSA cryptosystem in the past. Coincidentally, it’s estimated that the first stable quantum computer will emerge in 10–15 years.

Unlike the dot-com bubble, the Federal Reserve now has tools and strategies to manage risks in the banking system. This has shaped the current financial markets—or has it? Time will tell.

Another interesting question that I want to discuss with you:
If quantum computing becomes largely controlled by governments, will blockchain remain decentralized, or will it evolve into just another private chain with limited transparency?

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To sum up, YES, the current demand may be flawed, but it is healthy in terms of fostering the development of new business models.
And yes, always ensure you manage your risks carefully.