AI inference will obviously put a premium on energy expenditure for the foreseeable future, all while institutions build further confidence in the future as a tokenized economy.

If you believe both, $BTC is the most evident expression of energy as a store of value.
The forthcoming crypto clarity act, increased institutional rails, and a US strategic reserve acquisition policy would be an impetus to demand that could ultimately lead to a nation state fomo effect.
It should be perceived soon that the exponential growth and adoption of AI will implicitly put a premium on Bitcoin scarcity.
With Bitcoin demand comes volume and spot/perp revenue for both CEX ($COIN) and DEX ($HYPE).
Proxy demand in DeAI, institutionally trusted DeFi, with exploratory meta in DeSci.
Growth in broader crypto demand excites renewed bid in the consumer L1 of the cycle ($SOL) as the native favorite and entry point for retail due to tech infrastructure.
Memes and culture persist as the unique expression of humanity. Will continue to serve as the most relatable, high upside vice for breaking out of economic depression in a future marked by a growing wealth gap.
That’s your crypto bubble thesis.