The New "Investing" Economy

Up until the Industrial Revolution, we were a farming economy. 80% of the population were farmers.

With the Industrial Revolution, the percentage of farmers dropped to under 2%, while the percentage of people working in manufacturing rose to about 35%. But, due to technology, both farming output AND manufacturing output actually increased as a result.

Then the US became a service economy. Percentage of manufacturing jobs also dropped into single digits, while service jobs increased. But, again due to technology, farming AND manufacturing output again increased, so even though we had far fewer people in manufacturing, we were actually still growing our manufacturing output.

Today, 55% of Americans are already invested in the stock market (a sharp rise from the 32% who owned stock in 1989). Their average stock holding is $40,000. We know thirteen percent of Americans traded cryptocurrency in the past year. By comparison, 24% of Americans invested in stocks over the same time period. The US is now the world headquarters for Bitcoin miners. The US is among the world's top 10 in crypto holding and trading on a per capita basis, and profited more off of the 2021 Bitcoin boom than any other nation on earth. 

Due to the fact that crypto is a world-wide database without a geographic base, the US could conceivably become an "investing" economy, where most US citizens hodl cryptocurrency. We have the third largest population, along with one of the wealthiest per capita populations in the world, so we have the resources to corner the crypto market and let the rest of the world work for a living while we accumulate the wealth generated as it slowly transfers over into crypto.  

It could happen. 

Addendum:
This analysis apparently agrees with me:

"Instead of restricting bitcoin in a desperate attempt to forestall the inevitable, federal policymakers would do well to embrace the role of bitcoin as a geopolitically neutral reserve asset; work to ensure that the United States continues to lead the world in accumulating bitcoin-based wealth, jobs, and innovations; and ensure that Americans can continue to use bitcoin to protect themselves against government-driven inflation."