By Karen Roman
Wealth transferred from older to younger generations could increase the share of future crypto assets as 45% of Genz Z and Millennials own crypto, compared with 18% of Gen X and Baby Boomers, according to a report by Zach Pandl, Head of Research at Grayscale, a crypto-focused asset manager.
“We believe that the upcoming generational wealth transfer may have structural implications for crypto.,” Pandl said in the report. “As assets change hands, portfolios could shift to incorporate a higher share of crypto assets, creating a tailwind for valuations.”
Americans 60 years and older possess nearly $110 trillion in net worth and a wealth transfer of 2% would mean $2.2 trillion as additional demand for crypto assets, according to the report.
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