VanEck Exec: Over $6 trillion in Cryptocurrency Inheritance in the Next 20 Years
2024-07-09 08:00:55
Message vaneck digital assets research supervisor matthew sigeldesk3cryptocurrencydesktopCrypto News
Matthew Sigel, head of digital asset research at VanEck, said more than $6 trillion in inheritance could flow into cryptocurrencies over the next 20 years. Sigel cited the 2024 Bank of America private banking research report, which said that by 2045, Gen X, millennials, and future generations will inherit 84 trillion dollar wealth from older and baby boomers. For $6 trillion to flow into cryptocurrencies, young U.S. investors aged 21-43 will have to inherit $42 trillion from baby boomers and allocate 14% of their funds to cryptocurrency investments on an ongoing basis. Young investors will have to invest $300 billion per year for the next 20 years.
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