The wealth transfer from baby boomers to Gen X and millennials could be as much as $68 trillion over the next 25 years. Our study shows millennials are most inclined to consider BTC as an investment.Over the course of a single year, Bitcoin seems to be gaining acceptance among the investing public. More than half of U.S. investors - a market of nearly 32 million households, each with more than $10,000 in investable assets - have expressed interest in investing in Bitcoin. As equity markets experience sustained volatility and once-strong correlations between various asset classes have begun to unravel, Bitcoin appears to be gaining steam as market participants seek investments that can act as safe havens within a portfolio. Currencies that are immune from government-controlled monetary policies have been an idea that is looking more promising by the day—even in developed nations.And while financial advisors play an important role in this ecosystem, and may play a bigger role in the years ahead, the data shows that this digital currency revolution has largely been driven from the ground up, by a new generation of well-educated investors who leverage the vast amount of information available online to inform their investment choices.As this digital generation grows up, it’s only natural that they may turn to more digital forms of value. The fact that the majority of current and potential Bitcoin investors haven’t even reached their prime earning years yet, coupled with the $68 trillion dollar wealth transfer set to take place over the next 25 years, reveals a potentially huge opportunity for those who see the possibility for long-term growth in Bitcoin. Digital currencies have come a long way in the last decade—but the growing momentum from investors interested in this digital asset class suggests that its brightest days may still be ahead.https://ift.tt/3nQStTl
Submitted November 22, 2020 at 11:17PM
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