Be it the adoption, in the form of stimulus checks, of former presidential candidate Andrew Yang's flagship proposal of Universal Basic Income or the rise of Dogecoin, the pandemic era was widely understood by market commentators as an era in which inevitable historical trends were sent into warp speed. Prognosticating from their (our) Peloton bikes, investors bought into crypto and NFTs and EV stocks like the future had arrived—just sooner than expected. 

But we are nowhere near the end of history—and the future we envision, while it will arrive (if we avoid a nuclear war), seems farther and farther out of reach.  Indeed, Francis Fukuyama's "The End of History and the Last Man" has seemed pollyannish for over a decade. But between the January 6 riots and Russia's invasion of Ukraine, we seem to be living in a time dedicated to moving backward, rather than forward. 

Back to the Future 

The Future Will Come, But What Kind of Future?

History has not been one steady step towards progress—as any fifth-grader studying the Renaissance will tell you. Rather, history has been a game of steps forward and steps back. If you want to bet on the long-term future Cathie Wood envisions, bet on cryptocurrency and companies that are bound to own such a global, digitalized world. 

 If you are on the fence but want to play a part in history's newest potential chapter, bet on something like Coinbase Global, Inc. (NASDAQ:COIN). This way, you can bet on peoples' interest in crypto and crypto generally without fear of choosing the wrong crypto of the day. Ms. Wood just doubled down on the stock.

Should you?