Millennials and Generation X Will Push Bitcoin to $350k by 2045
Researchers at the Kraken cryptocurrency exchange believe that part of the inheritance received by the millennials and generation X will be invested in Bitcoin and this will bring its rate to $350,000 by 2045.
In the report “Inheriting USDs & Acquiring BTCs: How ‘The Great Wealth Transfer’ Will Fuel ‘The Great Bitcoin Adoption’”, analysts note that at the moment, young representatives of wealthy families in America alone can inherit about $70 trillion. If they allocate at least 5% of the inheritance received, then more than $971 billion will be invested in Bitcoin.
“…older generations possessed a less favorable view of bitcoin than Millennials and Gen Xers…. 81% of US adults were familiar with at least one type of cryptocurrency, bitcoin being the most popular at 75%, approximately 55% of Millennials and 41% of Generation X familiar with at least one cryptocurrency voiced their belief that cryptocurrencies will become ‘very’ or ‘somewhat’ widely accepted for legal transactions before 2030,” the researchers write.
Late last year, a study by Charles Schwab, an investment brokerage firm that manages $3.2 trillion in assets, showed that millennials would be more confident in investing in Bitcoin than in Microsoft or Netflix.
Author: Marko Vidrih
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