There seems to be a weird self-fulfilling narrative here:

1) "AI companies will go bust because tokens will cost too much" >> 2) "Don't let them build data centers that will sit empty" >> 3) Demand outstrips supply by a lot >> 4) Token costs too much.

This is no different from the NIMBY's that block all the housing then sit in a huff saying "see! everyone's leaving. good thing we didn't build anything!" when the rents go up.