The billion-dollar digital asset management firm Grayscale says a titanic transfer of wealth could bring waves of capital into Bitcoin and cryptocurrency.
The firm, which holds the most Bitcoin of any publicly traded company, says a transfer of capital from one generation to the next is likely to give digital currencies a massive boost.
“Approximately $68.5 trillion in assets are expected to be handed down from Baby Boomers to Gen X and Millennials in the next 25 years, AND multiple studies show these younger generations are much more likely to invest in digital currencies. The math on that one isn’t hard!”
The number is based on a study from the global asset management research firm Cerulli, which showed more than $68 trillion will be transferred from 45 million US households to their heirs and charitable organizations.
Grayscale’s assessment that younger generations, particularly millennials, are inclined to invest in digital assets is based on