I’ve been saying this forever. Check this out
It’s estimated that Boomers in the US hold $78.3T worth of wealth. 💰
Now, Boomers don’t like hearing this, but they didn’t have to do much to get wealthy.
Here’s the boomer wealth formula:
1. Be born in the biggest bull market in the US history
2. Buy real estate and other assets for $2.46 and a bag of cashews
3. Wait for these assets to appreciate
Now, I’m not hating on boomers - I would’ve done the same in their shoes.
But Boomers are growing old. 👴
And you know what that means? The biggest recorded wealth transfer in history.
The big winners? Gen X and Millennials.
They’re set to receive…*checks notes*…$84T from boomers (source: BoA)
That’s a lot of money (and avocado toast).
Now, the million-dollar question: where will younger generations invest this $84T?
Here's what BoA thinks:
That’s right - the younger generations are all about crypto/digital assets.
The difference in generations is stark:
- Ages 21-42: 28% like crypto 👦
- Ages 44+: Only 4% like crypto 👴
Let’s do some quick math, shall we?
Let’s imagine 2 scenarios where a % of the $84T flows to Bitcoin:
1/ Scenario A: 10% flows to Bitcoin = 8x increase in Bitcoin’s current market capitalization.
Price per Bitcoin: $400,000
2/ Scenario B: 20% flows to Bitcoin = 16x increase in Bitcoin’s current market capitalization.
Price per Bitcoin: $800,000
TLDR: Boomers are passing down tons of wealth, and their rebellious kids want Bitcoin.
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