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The 'Great Wealth Transfer' Could See More Than $200B Flow Into Bitcoin: Xapo Bank
What to know:
• $10.6 trillion in U.S. assets is expected to shift from baby boomers to younger heirs by 2030, with trillions more in Europe and Asia, creating a historic opening for bitcoin adoption, the report said.
• The bank analysts noted that $160–$225 billion could flow into bitcoin over the next 20 years, adding $20–$28 million in daily buying pressure.
The "great wealth transfer" is underway, and it could be one of the biggest drivers of crypto adoption in history, crypto friendly Xapo Bank said in a report Wednesday.
Over the next decade, trillions of dollars will move from baby boomers to younger heirs. In the U.S. alone, an estimated $10.6 trillion will change hands by 2030, with trillions more in Europe and Asia, the report said.