With consumer debt and national debt hitting record highs, Trump is doubling down on the only way out: fueling the biggest economic boom in history. And he is just getting started
research
Project Cobalt
discipline
Economics
topic
Consumer Debt and Wealth Creation
HIGHLIGHTS
Historic booms create millionaires from early adopters, expanding economies and wealth opportunities
AI has created of approximately 600,000 new millionaires in the United States
Bitcoin has created approximately 170,000 new millionaires
Engineering a New Boom Cycle: The Proven Path to Wealth Creation
Image source: The New York Times nytimes.com
Throughout history, economic booms have been the single greatest driver of wealth creation, elevating millions into financial security and prosperity. Unlike redistribution or conflict-driven wealth shifts, boom cycles generate new value, expanding economic opportunity and making previously unimaginable fortunes accessible to those who seize them.
The current economic struggles—rising inequality, stagnating wages, and the decline of the middle class—are not problems that can be solved by fighting over existing wealth. The solution is engineering the next economic boom—one that will be driven by AI, blockchain (crypto), energy (oil and renewables), and large-scale infrastructure investment (building and advanced manufacturing).
History has repeatedly proven that breakthrough innovations and industry shifts create wealth faster and more broadly than any other economic mechanism.
Proven Historical Booms That Created Millionaires
Source: YouTube @Eeagli Each major economic expansion of the past two centuries has resulted in the creation of a new class of millionaires, transforming both individual lives and entire economies:
The Industrial Revolution (1750-1900) – This period of mechanization and mass production created the first modern capitalist class. Steam engines, railroads, and factory automation enabled unprecedented productivity. Entrepreneurs like Andrew Carnegie, John D. Rockefeller, and Henry Ford built empires, creating millions of jobs and a new middle class. Wealth was no longer confined to landowners—it expanded to those who innovated and built.
Post-World War II Boom (1945-1970s) – The combination of massive infrastructure investment, manufacturing expansion, and suburbanization led to the largest middle-class expansion in history. Homeownership soared, factory jobs paid high wages, and GDP growth averaged 3.5-5% annually. This era made millions of Americans homeowners and stock market investors, proving that industrial and infrastructural expansion lifts all economic classes.
The Dot-Com Boom (1990s-2000s) – The birth of the internet economy created thousands of tech millionaires and billionaires, proving that entirely new digital industries could emerge seemingly overnight. Companies like Amazon, Google, and PayPal turned early investors and employees into millionaires, and stock market participation hit record highs as ordinary people capitalized on the technology wave.
The UAE Oil Boom (1960s-Present) – The discovery of oil transformed the UAE from a barren desert economy into one of the wealthiest nations per capita in the world. Strategic reinvestment into infrastructure, tourism, and financial services allowed Dubai and Abu Dhabi to diversify their economies beyond oil, showing how a single resource boom—when managed correctly—can elevate an entire population.
The Crypto Boom (2010s-Present) – Bitcoin, Ethereum, and decentralized finance (DeFi) have already minted over 100,000 new millionaires. Blockchain is still in its infancy, yet its early adopters—like those of the internet boom—have already benefited immensely. The total cryptocurrency market capitalization surged from virtually nothing in 2009 to over $3 trillion at its peak in 2021, proving its wealth-generating potential.
Quantifying the Impact of Economic Booms on Wealth Creation
Industrial Revolution: In the U.S., GDP per capita rose from $1,500 in 1800 to $4,000 by 1900, marking a 166% increase.
Post-WWII Boom: Homeownership in the U.S. jumped from 44% in 1940 to 64% by 1970, while the middle class grew to encompass 60% of the population.
Dot-Com Boom: Created an estimated 10,000 new millionaires, with Nasdaq stocks surging 400% between 1994 and 2000.
UAE Oil Boom: UAE’s GDP per capita rose from $1,500 in the 1960s to over $43,000 today, with sovereign wealth funds exceeding $1 trillion.
Crypto Boom: Over 100,000 Bitcoin millionaires have been created, and early investors saw returns exceeding 1,000,000% since 2009.
The Next Boom: AI, Crypto, Oil, and Infrastructure
The next economic boom will be driven by AI, crypto, energy expansion (including oil and renewables), and large-scale building projects—all of which are already showing early signs of explosive wealth creation:
AI: The AI industry is projected to add $15.7 trillion to global GDP by 2030, with companies like OpenAI, NVIDIA, and Tesla minting new millionaires as AI reshapes every sector.
Crypto: The next cycle of crypto expansion will see mass adoption, tokenized real-world assets, and decentralized finance platforms enabling global financial inclusion.
Energy (Oil & Renewables): A new energy boom, driven by both oil exploration and renewable investment, will not only create millions of high-paying jobs but also fuel industrial expansion.
Infrastructure & Manufacturing: The U.S. is in the early stages of reshoring manufacturing and rebuilding its industrial base, a move that could trigger a modern industrial revolution.
The Choice: Fight Over Scarcity or Build New Wealth?
The lesson from history is clear—wars and conflict do not create lasting prosperity. The nations that focused on industrial, technological, and financial innovation built their way to wealth. Instead of redistributing wealth or engaging in economic wars, the fastest way to eliminate inequality is to trigger the next boom cycle and open up wealth creation opportunities for all.
This is why BitcoinM3 and similar blockchain projects matter. This is why AI, automation, crypto, and strategic energy expansion will define the next decade of economic prosperity. History does not reward those who fight over yesterday’s wealth—it rewards those who build the industries of the future.
Wealth Gap
History Warns: Nations Fall When Few Own Everything