Every wave of technological revolution is not just a simple update of tools. It opens up new business worlds and then triggers the next wave of innovation like dominoes. You will find that technological growth is a self-reinforcing cycle—more innovation leads to more opportunities, and the returns become increasingly significant.

But what’s most interesting here is the operating logic of the bubble. In simple terms, it’s two things: a good story plus real money. Looking at the internet over the past few decades, every boom repeats the same pattern—technological breakthroughs → frantic investment → market frenzy → bubble burst. The stage changes, the lights change, the actors and props also change, but one thing about human nature never changes: greed drives us forward, while fear makes us hurriedly escape.

This cycle seems to perpetually repeat. It’s just that each time, participants imagine they can break the rules.