Kraken Intelligence: Bitcoin could reach $ 350,000
The Kraken cryptocurrency exchange’s internal research team, Kraken Intelligence, has released a report on the future of bitcoin. For the team, it is clear that the generations of generation Y and generation X could achieve great wealth thanks to cryptographic investments. Bitcoin could reach $ 350,000 by 2045.
The prognosis of the sick: Bitcoin as a pledge of wealth
The Kraken research team’s report is titled “Inheriting US Dollars and Buying BTCs: How the” Great Wealth Transfer “Will Boost” Great Acceptance of Bitcoin “. According to This, Young Generations Could Spend About $ 70 Trillion over the next few years inherit the baby boomer generation. Anyone who invests at least 5% of their legacy assets in Bitcoin could benefit from a Bitcoin price of $ 350,000 in 2045. The total return on investment would then be 971 billion of dollars.
In this Research report In March, it was written: “The data shows not only that acceptance remains stable, but also that the generations of tomorrow, namely generation Y and generation X, will support this as the next wave. Particularly striking is the agreement of the beliefs, preferences and expectations of the two generations with the basics of Bitcoin. Coupled with this momentum with the next “big wealth transfer”, the most important asset transfer the United States and the world has ever seen, there is a huge amount of prosperity that Bitcoin will bring in the decades to come. ”
The adaptation phase is just beginning
The research team continues, “A disproportionate percentage of Generation Y and Generation X people will continue to drive the adoption of cryptocurrency for the foreseeable future. This can be explained in part by the fact that the two generations have greater technological competence than the older ones. But we must also consider that the current volatility of Bitcoin is not suitable for people who are about to retire or who are already retired. ”
As Bitcoin moves into the general financial sector over the next few years, an estimated wealth transfer of $ 68.4 trillion is taking place in the United States, the researchers said.