? unverified
Historical experience suggests that technological revolutions carry risks of a boom-bust cycle in asset prices, and this risk does not depend on today's valuations being rational or irrational.
Not scoreable, and deliberately so: the authors decline to date the correction they expect, stating that the timing is unknowable in advance, so the claim carries no falsifiable horizon and is recorded without a prediction tag. The underlying exposure figures are ECB securities-holdings data at the third quarter of 2025.