That is a lot of money to be transferred.
The same is happening here in Europe. Most (Western) European countries haven't had a time of peace and prosperity that lasted for this long. Since World War II, we live in an age of peace. Sure there have been wars and we have been involved in armed conflicts, but there was not a lot going on in our countries, that destroyed a lot of wealth - except for financial crisis'. I will not talk about taxation and other burdens, that are a big problem in many European countries. Inheritance tax is quite a big one of those...
Still: Is it going to be a big chance for crypto, if the younger generation is getting more and more wealth? Maybe. It really depends how fast cryptos will adept and become a mainstream topic and way to invest. In some region it is rolled out pretty far. In some other regions people might have heard of crypto, but never considered investing in it. Even in the younger generations.
I think that over the long run, it definitely will profit crypto, since more and more people are getting into it and to know those assets. And it is more likely and common, that younger folks join, than older folks that struggle with the internet; to use a cliche.
Am really excited for what the future will bring. We will see ;-)
Thanks for sharing your thoughts!
Cheers,
@andy-plays
RE: $35 Trillion In Wealth Held By Older Americans