Cryptocurrency asset manager Grayscale says there is clear evidence to show Millennials are poised to fuel Bitcoin’s growth in the coming years, as $68 trillion of wealth gets passed down to the next generation.
In a new interview on Yahoo Finance, Grayscale managing director Michael Sonnenshein talks about Bitcoin’s potential emergence as a mainstream investment.
“The narrative that’s really resonated on Wall Street [is] around Bitcoin becoming digital gold, or a digital store of value.
And this is a conversation that we’re having quite often – this generational wealth transfer. There’s $68 trillion of wealth that’s going to get passed down to Millennials over the next 25 years. That’s a lot of capital. And whether today it’s invested in gold or other kinds of investments, we have to be paying attention to how that capital is going to get redeployed as it gets passed down. So from our perspective, we’re really drilling into what that looks like.