BTC truly is an interesting mechanism for moving economic value forward in time (#793537).
Boomers vs Zoomers: Holders vs Strivers
Just as surveys show that younger generations are most likely to partake in digital assets, they also show that Gen Z is the least expectant to own a home. This is a major generational cleavage, effectively burying the so-called “American Dream”. But is that really the case moving forward?
Boomers rushing in can/could/should up the exchange rate to dollars by a lot:
baby boomers have a net worth of $2.31 million, according to Terry Rawnsley, KPMG Urban Economist. In contrast, GenX has an average net worth of $1.88 million, Millennials at $757,000, while Gen Z is at the bottom of the generational pile at $96,000.
If boomers take the reputational cue from BSR, just a small fraction of capital inflows into Bitcoin, custodial or non-custodial, would drastically shift BTC price. Wealth funds have already suggested above 1% BTC allocation for portfolios.
mhm:
So far, people have counted on equities, commodities or bonds to guard against USD erosion. From these basic elements, numerous combinations can be made to optimize for largest gains over time. Some invest in solo stocks, some in mutual funds that pool money into a mix of assets, and some hoard precious metals like gold and silver.
and a very nice summary, rah-rah:
Ultimately, Bitcoin has the potential to transform not just how we think about money, but also how we approach retirement. Instead of viewing retirement as a drain on accumulated wealth, Bitcoin-powered systems could create new opportunities for retirees and their descendants, reshaping the concept of retirement itself.