US Wealth Transfer of $110 Trillion Could Channel Up to $2.2 Trillion Into Crypto, Grayscale Says
Summary
- Grayscale said about $110 trillion in assets in the US will be transferred from older generations to younger ones.
- It estimated that if only about 2%% of total assets flows into cryptocurrencies, that could create about $2.2 trillion in new demand.
- Crypto ownership among millennials and Gen Z is about 45%%, well above 18%% for older generations, suggesting generational turnover could become a long-term factor for the structure of the crypto market.
Forecast Trend Report by Period
A massive generational transfer of wealth in the US could create long-term demand for cryptocurrencies, with shifting investment preferences emerging as a key variable.
Crypto-focused media outlet Crypto Basic reported on June 14 that Grayscale said in a report that about $110 trillion in assets will move from older Americans to younger generations.
Grayscale said that total could expand to as much as $124 trillion between 2045 and 2048, underscoring that the intergenerational wealth transfer will play out over an extended period.
Millennials and Gen Z in particular have a much higher rate of crypto ownership, at about 45%, compared with 18% for older generations. The gap in investment preferences could drive changes in demand, the report said.
Grayscale estimated that if just 2% of total assets flows into cryptocurrencies, it could generate about $2.2 trillion in new demand.
Markets are watching changes in investment behavior tied to generational turnover as a long-term factor that could affect the structure of the crypto market.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
