Yes, but I think there is an even more salient analysis which is that hipster culture was an adaptation to the novel internet, a brief window in time when the riches of culture across time and space were available to us but we were not yet inoculated against the wonder of this.

Hipsterism was an earnest expression of wonder toward the newly-accessible wealth of cultural expression, as for about ten years the internet unearthed gems lying in secret pockets of spacetime, and also an inoculation against the possibility of feeling that wonder going forward

Much of the irony that was a part of hipster culture was precisely a DEFENSE MECHANISM against one's own temptation to continually soyface as suddenly the entire history of recorded music was available at your fingertips, and your mind was blown by beauty every five minutes