Instead of looking at the linear progression of asset prices in nominal terms, we should be deflating them by the engorged denominator of central bank balance sheets. As soon as you perform this exercise, the trends become clear… and they are non-linear, exponential trends. We are at the beginning of a journey to a digitalised economy where innovation will force us to change, ultimately for the better. The Metaverse is in its infancy. Embrace it and adapt or face the consequences.