Really? This is the same thing that was being said about internet back in ~1995. Many people bet on many things. Majority of things were dabbed as ‘the next big thing’ and majority weren’t of course. Most ‘areas’ of the web are nowadays consolidated into a handful of companies that rule the area. Similar to what has happened in industries for a long, long time now.
Perhaps the case of Bitcoin hard fork (although it is early days to talk about this) is a good example of how hard to predict these things is even in the short term.
To say this is ‘simple’ is way too oversimplified we think.