There can still be a huge bubble to pop and still have it be just as transformative as the author thinks it will be
The Internet itself is a prime example, it similarly was massively over-hyped for the time. The bubble grew and popped and while billions of monies were lost and a lot of companies went under, ultimately it did little to stop or even slow the transformative-ness of it (for better or for worse). In the end, it didn't even slowdown online shopping.
But I think he was also exaggerating to a point, because like you said he's personally invested even if he's not "laying the foundation". But, how much is he off? A couple years? 5 or 10? That's still not a lot of time to lay preparations with properly functioning governments and considering the current state of affairs as it is.....