$68 Trillion In Wealth Transfer To Benefit Bitcoin?
From the boomers to the zoomers, an insane number ($68 TRILLION) of wealth will be transferred by 2030. Will this benefit Bitcoin? In my mind, of course it will as so many of the younger generation not only know and embrace Bitcoin and crypto, but have been and are constantly educating themselves on the broken fiat system
$68,000,000,000,000 Transfer of Wealth May Benefit Bitcoin (BTC), According to Asset Management Giant Fidelity
In a new report analyzing Bitcoin’s potential to emerge as a strong store of value akin to gold, Fidelity highlights the enormous amount of money that’s expected to flow from baby boomers to millennials by the year 2030. According to a 2019 study from Coldwell Banker, approximately $68 trillion will be handed down to millennials in one of the greatest wealth transfers in US history.
Millennials, whose views on finance were shaped in part by the 2008 financial crisis, have a very different view of the traditional financial system than their parents.
“The millennial demographic (those born between 1981 to 1996) is more open to novel, digitally native alternatives versus legacy products and services and more comfortable holding new types of investments…
There is also evidence that the millennial demographic’s affinity to hold bitcoin relative to legacy stores
of value such as gold is high. According to Nate Geraci, president of investment advisor, ETF Store, anecdotally, about 90% of their millennial clients said they prefer bitcoin to goldxv – ‘It’s a landslide.’”