The crypto market expects a massive boost, according to the latest reports coming from the online publication the Daily Hodl.
It’s been revealed that the co-founder of crypto hedge fund Morgan Creek Digital, Mark Yusko, just said that Millennials would start to change the financial landscape after they inherit trillions of dollars from their parents.
During a new interview with podcaster and analyst Preston Pysh, Yusko cited data from Deloitte that is showing the fact that there is $37 trillion that is set to be passed down to Millennials who are some pretty thirst adopters of digital tech and cryptos such as BTC and ETH.
$37 trillion to flood the crypto market
“My generation is going to transfer $37 trillion to the Millennials. $37 trillion. And it isn’t going to be invested in IBM stock, it isn’t going to be invested in government bonds, it isn’t going to be invested in even Tesla. It’s going to be invested in DeFi; it’s going to be invested in Bitcoin, it’s going to be invested in Ethereum…” he said.
He continued and pointed out the fact that “It’s going to be the greatest wealth creation we’ve ever seen in the world.”
Yusko also said that the differences between the new generation and the parents are quite substantial – the older gen will probably continue to view BTC and crypto with skepticism.
Check out the original article in order to learn more details about the issue.
Public firms to follow Tesla’s footsteps and enter the crypto market
Earlier today, it’s been revealed that Dan Ives, the senior equities analyst at investment banking firm Wedbush Securities, said recently that he expects more publicly-traded companies to jump on the Bitcoin bandwagon in the upcoming months.
Bitcoin suffered a correction these days, but now it’s on the right track to recover its losses.
At the moment of writing this article, BTC is trading in the green, and the coin is priced at $50,628.88.