Mark Yusko, CEO of Morgan Creek Capital, predicts massive inflows into the crypto market due to the wealth of the baby boomer generation. It is expected to be worth trillions of dollars looking for entry into digital assets.
During an interview with the podcastThe Wolf Of All Streets Yusko waytalked aboutThe way Bitcoin ETFs have been launched and increased interest from registered investment advisors has led to a significant shift in demand, however, the full impact is yet to be realised.
“I believe there must be $300 billion — that’s 1% of $30 trillion — coming into this space. [ภายใน 12 เดือน] That is quite remarkable.”
Yusko predicts that the funding stream will likely come from baby boomers. This occurred between 1946 and 1964 through a retirement account managed by an adviser. From information from the Investment Advisors Association It was found that US financial advisors Manage $114.1 trillion in assets in 2022
“We have had the ETF for a few months. or about three months And we get about 10% of what I believe is coming into this space from registered investment advisors that control all of the baby boomer cash,” Yusko said, and the inflows may drive the value of the market. crypto to $6 trillion
refer : cointelegraph.com
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