Crypto adoption inevitable as old money will flow into crypto
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 make its way into crypto.
“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.”