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Opinion: Intergenerational wealth transfer may promote widespread adoption of cryptocurrencies
Deep Tide TechFlow News, on January 7th, according to Cointelegraph, Zac Prince, head of Galaxy Digital’s banking division Galaxy One, stated that as the wealth of the older generation gradually passes to the younger generation, large-scale adoption of cryptocurrencies may just be a matter of time.
According to estimates by UBS, Americans collectively hold $16.3 trillion in wealth, with the Baby Boomer generation (born 1946-1964) accounting for over half, possessing $8.33 trillion in assets. Coinbase’s Q4 cryptocurrency report shows that young investors are three times more likely to hold cryptocurrencies than older investors, with about 25% of young traders holding non-traditional assets.
Prince pointed out that the tech affinity of the younger generation will benefit the development of the crypto industry.