I think when most people talk about the "AI bubble bursting", they mean a dramatic end to this notion that AI is the "next big thing". Much like how we had Web3 and NFTs and all those other things that were going to change how we interacted with the internet.

Sure, my BTC is up, but I can go weeks or months without interacting with a blockchain in any way, directly or indirectly.

Valuations of individual AI companies might (and will) drop, but we are currently experiencing the least amount of AI in our everyday lives that we (or our children) ever will.