Here’s How Millennial’s Will Push Bitcoin to Trillion Dollars

  • 68 trillion to be inherited by Millennials is a pretty big tailwind – Fundstrat’s Tom lee
  • We have to pay attention to how that passed on capital is going to get redeployed

Bitcoin has found a place in not only millennials’ hearts but also into their investment portfolios.

While Boomers and GenX are still into traditional stocks and gold, millennials have taken to a decentralized store-of-value that provides them the opportunity for much higher returns but more importantly is deflationary and censorship-resistant.

As we reported, Bitcoin has already beaten the likes of Berkshire Hathaway, Disney, Microsoft, and Alibaba in millennials’ investment portfolios.

Charles Schwab’s study from last week found that Grayscale Bitcoin Trust is the fifth most-held equity holding by the millennials investors.

But how exactly millennials can further give a boost to the world’s leading cryptocurrency?

A Big Tailwind

While speaking on CNBC’s “Squawk on the Street” Tom Lee of Fundstrat discussed how millennials are actually keeping the economy afloat.

“You have to think about the 68 trillion that is going to be inherited by Millennials, it's actually a pretty big tailwind as that money gets passed on to the next generation.”

Millennials are people born between 1981 and 2000 in the US and India, Lee says had a fairly large boom in terms of births around millennials unlike Europe, Japan, and China. They are the most important segment of an economy who are the prime income earners and the ones that consume credit.

“There are a hundred trillion dollars of US household net worth of which around seventy trillion is controlled by boomers and Silent Generation, that's dynastic wealth. Even at a 3% or 5% burn rate those net assets are actually going to grow,”

as they will get passed to millennials.

Where the puck is going?

Digital asset management company Grayscale Investors’ managing director Michael Sonnenshein also shared similar sentiments on Yahoo Finance as he talks about 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.”

Charles Schwab’s study has already shown “where the puck is going,” and Sonnenshein says investors need to pay attention to that.

Though not all of that capital will flow into Bitcoin, he is certain “it’s going to resonate with a millennial audience.”

Bitcoin (BTC) Live Price

1 BTC/USD =$26,921.6578 change ~ -3.37%

Coin Market Cap

$520.41 Billion

24 Hour Volume

$8.05 Billion

24 Hour VWAP

$27.12 K

24 Hour Change


Get Daily Headlines

Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

What to Know More?

Join Our Telegram Group to Receive Live Updates on The Latest Blockchain & Crypto News From Your Favorite Projects

Join Our Telegram

Stay Up to Date!

Join us on Twitter to Get The Latest Trading Signals, Blockchain News, and Daily Communication with Crypto Users!

Join Our Twitter

Add comment

E-mail is already registered on the site. Please use the Login form or enter another.

You entered an incorrect username or password

Sorry, you must be logged in to post a comment.
Bitcoin Exchange Guide