Last year, 16 percent of Americans said they had personally invested in or traded cryptocurrency. Only three percent of all of the vehicles sold in 2021 were all electric (EVs).
But if you watched the Super Bowl, the commercials for crypto trading platforms and EVs dominated the ad space—often with the support of celebrities. (Unless I missed it, there was not a single commercial for a gas-powered vehicle the entire game.) The money is flowing toward big bets on the future.
Read MoreThe COVID-19 crisis is already dramatically reshaping our economy, at a macro and micro level.
From a macroeconomic standpoint, the next few months will be a culling of the herd. Businesses in some key industries that have invested in digital transformation will come out of this crisis stronger, both from having seen their core revenue streams grow and having seen some of their competitors dry up. We’ll also see some of the biggest players get bigger: Big Tech will consolidate its foothold on American life; Amazon will accelerate its takeover of small businesses around the country.
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