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The younger, tech-savvy generations will soon start to inherit wealth from their parents and relatives — which could bring more money into crypto.Crypto mass adoption could just be a matter of time, as older, crypto-averse generations eventually pass their wealth to their descendants, according to an industry executive.
During an episode of the Milk Road show on Tuesday, Zac Prince, the head of Galaxy Digital’s banking venture, Galaxy One, predicted that as older people pass away and younger generations inherit assets, some of it could “I see a lot of stuff about how like younger people are getting screwed because older people are holding all the money,” he said, adding that a wealth transfer will eventually start, and when it does, “the preferences of younger folks are going to matter more.”in its 2025 global wealth report that Americans hold a combined $163 trillion in wealth, with baby boomers, people born from 1946 to 1964, accounting for more than half, with $83.3 trillion in assets. Zac Prince from Galaxy Digital speculates that when younger generations inherit wealth from older relatives, it could end up in crypto. Source:A tech-savvy generation with money could work for crypto Another aspect likely to be a boon for the industry is younger generations' affinity with technology compared to older ones, Prince speculated. New advances with apps that offer near-instant trading and “multiple kinds of products in one place, really intuitive user interface versus the traditional — you have to pick up a phone and call your broker to or schedule a meeting with your financial adviser to get anything done. I think those trends are in our favor,” he added.However, boomers and older investors might already be dipping their toes into the crypto. A survey from Australian exchange CoinSpot, released in April last year,
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