With the Baby Boomers getting more mainstream, it will be the next generation to jump into cryptocurrencies. Potentially bringing billions of dollars to the rallying sector. Baby boomers have been the chief beneficiaries of a massive stimulus program, born roughly from the end of World War Two to the mid-1960s. They have pumped up the asset values since the 2008-09 global financial crisis. Wealthy Baby Boomers Going Mainstream into Crypto Novogratz, who used to run hedge funds for investment giant Fortress, in an interview at Reuters Digital Assets Week predicted about wealthy baby boomers. He said; “It could be as much as a trillion dollars comes over the next year from that giant group of wealth,” “Moves by major banks and trading platforms to begin offering cryptocurrency products to rich customers will likely spark the rush from wealthy baby boomers.” From the latest, Morgan Stanley, an American multinational investment bank, this month became the first big U.S. bank to offer its wealthy clients access to bitcoin funds, including Galaxy Digital. Bitcoin Records All-Time-High Earlier this month, the first digital currency Bitcoin, powered to a record of nearly $62,000. The latest milestone in a meteoric rise is said to be driven by growing adoption from major companies such as Tesla Inc and the embrace of bigger U.S. investors. However, most of the interest so far has come from young investors, who seem to be comfortable with the concept of digital assets. Many newbies see Bitcoin both as a protection saving from the threat in the inflation period and an asset that can dramatically appreciate in value. According to Novogratz, “Bitcoin is originally designed as a way to pay, is less of a currency than an asset that works best to store value.” “If you’re worried that the U.S. is printing too many dollars…you’re going to shift some of your savings into bitcoin,” he added.
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