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As the older generation's wealth gradually passes down to the younger generation, the large-scale adoption of cryptocurrencies may only be a matter of time.
According to UBS estimates, Americans hold a total of $163 trillion in wealth, with the Baby Boomer generation (born 1946-1964) accounting for over half, with $83.3 trillion in assets.
Coinbase's Q4 Cryptocurrency Status Report shows that young investors are three times more likely to hold cryptocurrencies than older investors, with approximately 25% of young traders holding non-traditional assets.