Editor's PiCK

"Bitcoin Could See Inflows of Up to $225 Billion Over the Next 20 Years"

Son Min

Summary

  • Zapo Bank has stated that, due to a massive generational wealth transfer over the next 20 years, up to $22.5 billion could flow into Bitcoin.
  • According to the report, the scarcity, decentralization, and inflation hedge capabilities of Bitcoin are evaluated as attractive to younger generations.
  • As a result, it was added that an additional average daily demand of $2 million to $28 million could arise.

An analysis has suggested that up to $225 billion may flow into Bitcoin over the next 20 years as a result of a massive generational wealth transfer.

According to CoinDesk on the 20th (local time), Zapo Bank stated in a report, "Trillions of dollars will be inherited from the baby boomer generation to younger generations over the next 10 years," and added, "As part of this wealth transfer, between $160 billion and $225 billion could flow into Bitcoin over the next 20 years." According to the data, it is estimated that around $10.6 trillion will be inherited in the United States alone by 2030. When Asia and Europe are included, it is explained that enormous inflows are possible.

The report continued, "Bitcoin’s scarcity, decentralization, and inflation hedge capabilities are attractive," and "especially since younger generations are familiar with virtual assets, Bitcoin could gradually become a key element in inheritance." Accordingly, it was added that an additional daily demand of $2 million to $28 million could arise.

publisher img

Son Min

sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
What did you think of the article you just read?