The bitcoin (BTC) price may rise to $70,000 in 2044, according to a prognosis of crypto exchange Kraken. What’s the idea? Assuming that American millennials put 1% of their heritage into bitcoin, the value of the king of all coins will increase exponentially.

Bitcoin price in 2044

Kraken Intelligence has published a new study called: ‘Inheriting USDs & Acquiring BTCs: How ‘The Great Wealth Transfer’ Will Fuel ‘The Great Bitcoin Adoption’ (PDF).

Of course, this is not without its own interest, because Kraken sells Bitcoin. They point to earlier demographic research: over the next 10 years, the young generations will inherit 70% of a total of $70,000 billion from the baby boomer generation.

A cautious prognosis: suppose these generations inherit 1% of their legacy in bitcoin, the price goes up to $70,000 in 2044. With an allocation of 5%, even a price of $350,000 in 2044 is possible. This takes into account 2% wealth tax. It would be $971 billion in additional capital that would flow in to Bitcoin.

*NEW* HOW A GENERATIONAL SHIFT COULD GIVE #BITCOIN A $1 TRILLION BOOST



In the US alone, $70 trillion will transfer from Boomers to Bitcoin-friendly generations in the coming decades.



In new research, we break down the impact this shift could bring 🧵👇https://t.co/LrKV2USlY5 pic.twitter.com/ISmlWjhNYb — Kraken Exchange (@krakenfx) March 25, 2020