*NEW* HOW A GENERATIONAL SHIFT COULD GIVE #BITCOIN A $1 TRILLION BOOST
In the US alone, $70 trillion will transfer from Boomers to Bitcoin-friendly generations in the coming decades.
In new research, we break down the impact this shift could bring 🧵👇
blog.kraken.com/post/4313/how-…
In the US alone, $70 trillion will transfer from Boomers to Bitcoin-friendly generations in the coming decades.
In new research, we break down the impact this shift could bring 🧵👇
blog.kraken.com/post/4313/how-…
2/ Assuming a 5% investment allocation and a 2% inheritance tax, by 2044 Gen X and Millennials could invest an estimated $971 billion into #Bitcoin as they inherit wealth.
World investment could make this figure much higher.
World investment could make this figure much higher.
3/ Here’s a projection showing the estimated flow of assets as the Baby Boom generation declines and transfers its wealth to Gen X and Millennials.
Almost 70% of the total $70 trillion transfer will occur in the next 10 years.
Almost 70% of the total $70 trillion transfer will occur in the next 10 years.
4/ Relative to marginal supply, the implied price of #Bitcoin in 2044 would be about $350,000 (assuming the $971 billion investment).
The chart below shows the price of bitcoin if this figure is higher or lower.
The chart below shows the price of bitcoin if this figure is higher or lower.
5/ These estimates are notable, as younger generations are much more likely to buy #Bitcoin.
In a 2019 survey, 42% of respondents between 18-34 said it is likely that they’ll purchase Bitcoin in the next 5 years, compared to only 8% of the 65 and over crowd.
In a 2019 survey, 42% of respondents between 18-34 said it is likely that they’ll purchase Bitcoin in the next 5 years, compared to only 8% of the 65 and over crowd.
6/ Remember, #millennials are already investing heavily in #Bitcoin.
According to a December 2019 Charles Schwab report, Grayscale’s Bitcoin Trust ranked fifth out of Millennial’s top holdings as a percentage of assets held in equities.
According to a December 2019 Charles Schwab report, Grayscale’s Bitcoin Trust ranked fifth out of Millennial’s top holdings as a percentage of assets held in equities.
7/ There are reasons Generation X (1965-1980) may invest some of this money into $BTC.
Broadly speaking, they:
👶🏻Grew up with computers
🏦Distrust authority
🙅Don’t identify as “conservative”
💻Value self-reliance
Broadly speaking, they:
👶🏻Grew up with computers
🏦Distrust authority
🙅Don’t identify as “conservative”
💻Value self-reliance
8/ Millennials (1981-1996) may be even more likely to invest some of this money into $BTC.
As a generation, they prefer:
📱Transparency and mobility
🖥️Tech products
👪Crowd-sourced information
& distrust banks 🏦🙅
As a generation, they prefer:
📱Transparency and mobility
🖥️Tech products
👪Crowd-sourced information
& distrust banks 🏦🙅
9/ The impacts could be big, even if our projections are wrong.
If just 1% of the money inherited by Gen X and millennials is invested in BTC, the price of could grow to $70,000 in 2044.
And again, we’re only talking about the U.S. 🚀
READ MORE: blog.kraken.com/wp-content/upl…
If just 1% of the money inherited by Gen X and millennials is invested in BTC, the price of could grow to $70,000 in 2044.
And again, we’re only talking about the U.S. 🚀
READ MORE: blog.kraken.com/wp-content/upl…
