As you may have noticed, there are currently active global processes taking place on the planet in all areas. Behind the screen of these changes, a historic transfer of wealth is taking place. In the next decade alone, approximately $100 trillion will change hands as baby boomers pass on their wealth to their millennial children. This process will lead to the emergence of the richest generation in the world after 2030!
💥 The generation gap between millennials (born between 1981 and 1996) and boomers (born between 1946 and 1964) results in a variety of different perspectives on investing.
1️⃣ First, millennials are investing in ETFs more than any generation before them, according to State Street.
2️⃣ Secondly, young investors are more optimistic and risk-averse than their older counterparts, so they are more likely to choose crypto. Moreover, analysts view the alternative asset space as an important new driver of ETF growth in general!
3️⃣ Third, according to one Bank of America study, millennials and younger investors spread their money more evenly across asset classes than boomers, who tend to disproportionately concentrate their assets in stocks.
👉 As we can see, the inheritance of baby boomer wealth is not only the largest transfer of assets in world history, it will also have a significant impact on the growth of the cryptocurrency market in the future.
