It’s estimated that Boomers in the US hold $78.3T worth of wealth. 💰
Check this out:
Now, Boomers don’t like hearing this, but they didn’t have to do much to get wealthy.
Here’s the boomer wealth formula:
Be born in the biggest bull market in the US history
Buy real estate and other assets for $2.46 and a bag of cashews
Wait for these assets to appreciate
Now, I’m not hating on boomers - I would’ve done the same in their shoes.
But Boomers are growing old. 👴
And you know what that means? The biggest recorded wealth transfer in history.
The big winners? Gen X and Millennials.
They’re set to receive…checks notes…$84T from boomers (source: Bank of America --- https://ustrustaem.fs.ml.com/content/dam/ust/articles/pdf/2024BoA-PB_Study_of_Wealthy_Americans.pdf )
That’s a lot of money (and avocado toast).
Now, the million-dollar question: where will younger generations invest this $84T?
Here’s what Bank of America thinks:
That’s right - the younger generations are all about crypto/digital assets.
The difference in generations is stark:
Ages 21-42: 28% like crypto 👦
Ages 44+: Only 4% like crypto 👴
Let’s do some quick math, shall we?
whips out a calculator
Let’s imagine 2 scenarios where a % of the $84T flows to Bitcoin:
1/ Scenario A: 10% flows to Bitcoin = 8x increase in Bitcoin’s current market capitalization.
Price per Bitcoin: $400,000
2/ Scenario B: 20% flows to Bitcoin = 16x increase in Bitcoin’s current market capitalization.
Price per Bitcoin: $800,000
I used to hate math in school, but now I love it!
TLDR: Boomers are passing down tons of wealth, and their rebellious kids want Bitcoin.
There are many reasonable ways to conclude that $1M is a decent valuation for Bitcoin's present discounted value.
Stay humble. Stack sats.
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indeed
Stay humble. Stack sats.
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Very interesting - I think alot of this money will get absorbed by hospitals and the healthcare industrial complex as well such as nursery homes and hospices.
I do think 50-75% will get passed down and will definitely flow into Bitcoin and other forward thinking investments.
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The Bitcoin solution
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