Gold? Etherium? Guns!?
Time is going to be the next generation of currency.
Everything is getting cheaper – unlimited games, unlimited entertainment, our cars last over a decade, and consumerism is falling as people realize that spending their money on luxury items isn’t bringing the advertised joy. We have more of everything – except time.
I’m bullish on anything that saves time for people. The best theatrical movie still has people looking at their phone during it. Why – is it not exciting or amazing enough? No, they just don’t have time to just be doing ONE thing like watch a movie.
Making better future bets is easy when you see emotional trends in people. Anything that gives people more time is going to be a safer bet:
Podcasts over video, since you can do 2 things at once when you listen to a podcast.
Self-driving cars over manual, since you can do 2 things when your car is driving.
Organized courses over YouTube, since 1,000 free YouTube videos is often disorganized and slow.
6 month coding boot camp schools over 4 year computer science degree.
Short succinct writers over the long rambling writers.
The things that don’t give extra time, but have been considered good ideas to spend money on in the past are dwindling:
New fancy watches, restaurants, cars (that don’t drive themselves), boats / yachts, monstrous houses with endless maintenance, shopping in person (it’s cheaper online and that’s true, but really, it’s also about time).
Items that don’t give time are dwindling. But God forbid they take time (like retail shopping), because if a business takes time, they should give up now.
What’ll people do when they have more free time? Oh, spend it with their friends, truly watch a movie (without a cell phone), and relax a bit. Never mind that they can have all that right now if they wanted…if they just had a little more time.
The cycle continues.