Sure, selling chips is profitable, but chip production will be limited for years to come. It's no different from the overvalued infrastructure in the crypto world. Everything you borrow, you have to pay back eventually.
 
Interest rate cuts might lead to excess liquidity, but that doesn't mean you should blindly buy tech stocks just because rates dropped from 5% to 3%.
 
If tech stocks can't hold up, crypto will struggle too.
 
Except for Bitcoin, which people never seem to sell, it's wise to be cautious with other cryptocurrencies.