Analysis: Huge transfer of wealth is a potential positive for Bitcoin

According to The Daily Hodl, a new report from digital asset management company CoinShares shows that a large amount of wealth transfer will benefit Bitcoin. According to the company's data, approximately $ 68.4 trillion of wealth owned by baby boomers and silent generations will be passed on to millennials and generation X over the next 25 years. Millennials seem to have very different investment habits from their parents. CoinShares highlighted a survey from Blockchain Capital that showed that a significant percentage of respondents would rather own Bitcoin than government bonds, stocks, real estate and gold. Institutional asset management company Grayscale also pointed out that the huge transfer of wealth is a potential positive for BTC. The company said it is unclear how much money could flow into Bitcoin, but the company's managing director Michael Sonnenshein said he believes this leading cryptocurrency will undoubtedly resonate with millennials. Another study by Charles Schwab found that millennials are choosing to buy Grayscale's Bitcoin Trust (GBTC) instead of Netflix, Disney, Microsoft, and Warren Buffett's Burke Stocks of giants such as Hill Hathaway.