Galaxy Digital’s CEO, Mike Novogratz, has an optimistic outlook on the potential impact of the great wealth transfer on Bitcoin (BTC) and other digital assets. In an interview with CNBC, Novogratz highlights how millennials, who are set to inherit an unprecedented amount of wealth, are more inclined to invest in digital assets compared to their older counterparts.

According to Novogratz, younger individuals have a strong affinity for cryptocurrencies like Bitcoin and are less interested in traditional investments such as gold or meme stocks. He explains that the younger generation is more comfortable in the digital world and has a greater enthusiasm for digital assets. As a result, the impending transfer of wealth from older generations to millennials is expected to have a significant positive effect on the crypto market.

The magnitude of the great wealth transfer is staggering, with Knight Frank’s 2024 Wealth Report estimating that $90 trillion worth of assets will be passed on to millennials over the next two decades. Additionally, Coldwell Banker predicts that millennials will possess five times more wealth by 2030 compared to their current holdings.

It is important to note that the opinions expressed in this article are not investment advice, and investors should conduct their own research before engaging in high-risk investments involving Bitcoin, cryptocurrencies, or digital assets. The Daily Hodl, which published this article, does not endorse the buying or selling of any cryptocurrencies or digital assets, nor does it serve as an investment advisor. Any financial losses incurred are the responsibility of the individual investor.