The fierce rivalry between boomers and millennials might soon end up benefiting Bitcoin. A report from CoinShares, a digital asset management firm, suggests that an enormous transfer of wealth is about to hit Bitcoin. According to them, around $68.4 trillion in wealth is currently owned by boomers, which will be handed down to Millennials and Gen X over the course of the next 25 years. A trillion dollar tsunami is about to hit Bitcoin, and it’s due to the difference in millennials’ spending and investment patterns – which are shockingly different from their parents.



CoinShare’s report highlights research from Blockchain Capital that shows that millennials would rather invest in Bitcoin than in other more traditional assets. Millennials favour Bitcoin over government bonds, stocks, gold and real estate – which makes sense when you consider the fact that they grew up in a world that’s becoming increasingly digitized. Millennials also show an inherent distrust in governments and traditional financial institutions.



The institutional asset manager Grayscale, also highlights a major shift in the distribution of wealth as a potential benefit for Bitcoin. Grayscale says that it’s not possible to tell how much capital will enter into Bitcoin, but managing director Michael Sonnenshein believes that there’s no doubt that it’s resonating with millennials around the world today.



https://itsblockchain.com/a-trillion-dollar-tsunami-is-about-to-hit-bitcoin/