Yeah literally every new tech like this has literally everyone investing in it and trying lots of silly ideas. The web, mobile apps, cryptocurrencies, doesn't mean they are fundamentally useless (though cryptocurrencies have yet to make anything successful beyond Bitcoin).
I bet if you go back to the printing press, telegraph, telephone, etc. you will find people saying "it's only a bubble!".
I bet if you go back to the printing press, telegraph, telephone, etc. you will find people saying "it's only a bubble!".