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$84T Wealth transfer to millenials over 20 years.

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$84T Wealth transfer to millenials over 20 years.

We are living a very interesting moment. We are 30 days away from the SEC decision for an ETF, which the likelihood is evaluated as higher than 90% for approval, and about 4 months from the Bitcoin halving.

Everyone and their grandmothers have been trying to "front-run" the ETFs and immediately get scared because price went up too fast from $30K to $44K.

I think we are scared by the bear market... This last week Galaxy shared in their report that:

  • Millennials will receive a transfer of wealth of $84 trillion in the next 20 years
  • That it'll likely result in $160-225bn of net new inflows into bitcoin & crypto.
  • Meaning a $28m daily buying pressure..

On top of this, the numbers thrown around regarding the ETF approval are speculated to be around $3bn on day one according to some analysts..

And yet some people are waiting in the sidelines for the dip?

It truly was a hard bear market it seems. But there is a way to change this. If you are still bearish and on the sidelines, consider some bitcoin podcasts, or even just follow the developments in the ecosystem.

submitted by /u/saulabrm
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