The CEO of Morgan Creek Capital, Mark Yusko, predicts a massive influx of funds into the digital asset industry from the baby boomer generation. In an interview with crypto influencer Scott Melker, Yusko stated that he expects asset managers who cater to boomers to invest $300 billion into the cryptocurrency market within the next year.

Yusko believes that this demand shift has only just begun and has not reached its full potential. He speculates that in the next 12 months, around 10% of the expected funds will enter the space through exchange-traded funds (ETFs) managed by registered investment advisors. These advisors control a total of approximately $30 trillion of the boomers’ wealth.

According to Yusko, this $300 billion investment represents just 1% of the boomers’ total wealth. However, it is a significant amount, as it surpasses the total amount of money converted to Bitcoin over the past 15 years. Yusko highlights the potential impact of this investment by mentioning Bitcoin’s multiplier, which he estimates to be around 20x. Therefore, he believes that adding $300 billion to Bitcoin’s market cap would result in a $6 trillion increase.

At the time of writing, Bitcoin is trading at $64,920, experiencing a slight 2.5% dip in the last 24 hours.

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 in Bitcoin or other digital assets. The Daily Hodl, where this article is published, does not endorse specific cryptocurrencies or provide investment advice.