I think there is a fundamental difference when you have an actual usecase.
You can do useful things with AI, the market can reward people for being useful, and push out the stupid things.
You can't really do useful things with crypto. The ecosystem was a gradient between straight up fraud, to sketchy financial engineering projects that well technically not a scam are right on the border of being one. There is no room to reward actual progress so obviously the money is going to get dumped into the sketchy shit.
You can do useful things with AI, the market can reward people for being useful, and push out the stupid things.
You can't really do useful things with crypto. The ecosystem was a gradient between straight up fraud, to sketchy financial engineering projects that well technically not a scam are right on the border of being one. There is no room to reward actual progress so obviously the money is going to get dumped into the sketchy shit.