It's an exponential increase, that's all you need to know to answer the question "Is it sustainable forever?" with no.
What stops it from going up exponentially forever is that in a finite system with finite resources you cannot get an arbitrarily high hash rate. Moreover, since the exponential is a very rapidly increasing function, resources will be exhausted pretty soon, so it cannot continue for very long.
Are you guys making arguments about the word "forever".
What's next? Talking about how the sun eventually will go off...Oh wait...you covered that by pointing out the finite resources issue...
Try to understand the context please...