Thread by @DeepBlueCrypto

Greatest wealth transfer in human history is happening and you are all in the midst of it. (Credits in the end)

A small thread 🧵 👇

So let's talk about generations based on their birth years for a second. Baby boomers are the wealthiest of all generations and they're gonna retire & transfer wealth.

Gen Z (1995-2015)
Millennial (1980-1994)
Gen X (1965-1979)
Boomer (1944-1964)

Assuming $500 trillion as total global wealth, USA 🇺🇸 holds about 13.6% of global wealth, which is $68 trillion.

For this thread we are only considering just US population, even though the world is large enough to hold 191 other countries with massive population living outside.

Taking the population distribution in USA 🇺🇸 between different generations, here's the breakdown

Gen Z (1995-2015) - 24.3%
Millennial (1980-1994) - 23.9%
Gen X (1965-1979) - 26.9%
Boomer (1944-1964) - 24.9%

Pretty evenly divided I'd say

Who's got the money between these generations. Obviously Baby Boomers command a lot more money than any other generation. Between GenX & Boomers they control the vast majority of American wealth.

Put another way, 56+ year olds control 75% of all wealth in USA. That's massive wealth to say the least.

Why do Millennials hold so little wealth compared to boomers at the same age.

College debt - Millennials raked up huge college debt
Sound money - Ever since 1971 gold backing removed
Inflation - Inflation was ridiculous post 1971

Look at the approximate wealth distribution based on what we discussed earlier.

Pie chart representation of Millennial wealth percentage compared to other generations looks tiny. But they will inherit massive amounts of it soon.

The biggest stake of their wealth is in stocks. 55% of stocks are owned by Boomers, compared to only 2.5% owned by Millennials.

Investment preferences change drastically. Millennials are pro crypto compared to most older generations. 83% of Millennial millionaires own #Bitcoin & crypto.

Boomers may have preferred gold, but Millennials and younger generations prefer digital gold #Bitcoin

Assuming just the US population, assuming only 2.5% of their net worth being invested linearly into #Bitcoin for the next decade, we see massive price appreciations.

#Bitcoin reaching $1 million by 2032.

Now imagine the rest of the world investing, sky is the limit.

Source: @invest_answers