Is "virtual cycling" a useful concept?

Just asking...

I first came across the term ‘virtual cycling’ in around October 2023. The concept has caught on with market analysts and investors. But is ‘virtual cycling’ a useful concept? And, given the range of views and alternative definitions (I’ve mixed some of them into this post), is there a chance of agreeing on an answer?

Broadly, ‘virtual cycling’ links a c…