Yes, im explicitly considering it only in one direction, as I said I’m optimistic. I have seen plenty of data, my own & others reasoning that leads me to believe in the optimistic case here.
EDIT: look at the graph in that second McKinsey link. Look at the step for 2024, and then the massive step for 2025. And then they project much tinier steps for 26 and beyond? That’s obviously nonsense. And we can tell it’s nonsense as the number for 26 are coming in at another 60% increase y/y, and all reports point to huge increases in deployed capacity this year. And they have it at like 20%. Cmon, that’s nonsense.