Fun

Boomers to pour $300B into crypto markets — Morgan Creek Capital

News Feed - 2024-04-26 04:04:00

Ana Paula Pereira4 hours agoBoomers to pour $300B into crypto markets — Morgan Creek CapitalMorgan Creek Capital CEO Mark Yusko believes the full impact of Bitcoin ETF adoption has yet to be realized, as boomers will continue to gain more exposure to digital assets.2102 Total views6 Total sharesNewsOwn this piece of crypto historyCollect this article as NFTJoin us on social networksMorgan Creek Capital CEO Mark Yusko anticipates massive inflows into the crypto market as baby boomers’ wealth, estimated at trillions of dollars, seeks entry into digital assets. 


During an interview with The Wolf Of All Streetspodcast, Yusko discussed how the introduction of Bitcoin (BTC) exchange-traded funds (ETFs) and increased interest from registered investment advisers have led to a significant shift in demand. Its full impact, however, is yet to be realized. According to Yusko:“There’s going to be $300 billion, I believe — that’s 1% of $30 trillion — that comes into this space [within 12 months]. That’s actually more money than has ever [been] converted to Bitcoin in 15 years. That’s a pretty amazing thing.”


Yusko predicted capital flows are likely to come from baby boomers — those born between 1946 and 1964 — through retirement accounts managed by advisers. According to the Investment Adviser Association, U.S. financial advisers managed $114.1 trillion in assets in 2022.


“We’re a couple months, about three months into the ETFs, and we’ve gotten about 10% of what I believe is coming into this space from the registered investment advisers that control all the boomers’ cash,” Yusko stated, adding that the influx could potentially push the crypto market’s capitalization to $6 trillion.


“I’ve been saying that this is going to be the best Thanksgiving ever, right? No more ‘you’re not welcome because you’re a crypto person in the family,’“ the executive commented regarding the expected increase in Americans’ social acceptance of cryptocurrencies.Source: The Wolf Of All Streets


Spot Bitcoin ETFs were approved by the United States Securities and Exchange Commission in January, 10 years after the Winklevoss twins’ first application. Wall Street giants BlackRock, Fidelity and VanEck, among others, led the first batch of approvals. According to data from BitMEX Research, Bitcoin ETFs were worth a combined over $53 billion as of April 24.


Magazine: The real risks to Ethena’s stablecoin model (are not the ones you think)# Bitcoin# Business# Investments# AdoptionAdd reaction

News Feed

Whales Add 190,000 Ethereum In The Last 24 Hours – The Accumulation Continues
Este artículo también está disponible en español. The crypto market is facing intense fear, with many analysts speculating that a prolonged bear market could be on the ho
Solana Picture Bigger Than $420: Analyst Predicts 140% Surge To New ATHs
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
Shark Tank Star Kevin O’Leary Defends Support of Crypto Exchange FTX and Sam Bankman-Fried
Shark Tank Star Kevin O"Leary Defends Support of Crypto Exchange FTX and Sam Bankman-Fried Shark Tank star Kevin O’Leary, aka Mr. Wonderful, has defended his support of the c
Yashu Gola9 hours agoHow high can Bitcoin price go by 2024?Historic price fractal, strong technicals and Bitcoin ETF approval euphoria could keep BTC prices elevated for the rest of 2023.6772 Total views21 Total sharesLi
GameStop's Roaring Kitty posts first livestream in 3 years— price reacts
Vince QuillJun 07, 2024GameStop"s Roaring Kitty posts first livestream in 3 years— price reactsThe meme trader revealed that he was down $235 million and held call options on 12 million GameStop shares in his YouTube l
Crypto Community Responds to Tornado Cash Sanctions, Privacy Advocates Say ‘There Are Many Legitimate Reasons to Seek Financial Anonymity’
Crypto Community Responds to Tornado Cash Sanctions, Privacy Advocates Say "There Are Many Legitimate Reasons to Seek Financial Anonymity" The U.S. government banning the ethereum
Fake federal employees target crypto investors, CISA warns
Josh O"Sullivan14 hours agoFake federal employees target crypto investors, CISA warnsThe Cybersecurity and Infrastructure Security Agency (CISA) warns of a surge in impersonation scams targeting crypto investors.8590 Tot
Jack Dorsey's Square Crypto Poaches Dev Talent from Facebook's Libra & Google
As if Facebook"s Libra doesn"t have enough trouble, they just lost a developer to a rising crypto star. Square Crypto has poached a trio of blockchain developers from across the tech industry including Lightning Labs, Fa
Alek Hidell10 hours agoRedefining Money: America’s digital currency dilemmaAs the United States House Financial Services Committee looks to further impede the introduction of a digital dollar, where does this resistanc
Crypto Expert Puts Ethereum Price At $19,500 With Head And Shoulders Emergence
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
Helen Partz2 hours agoCrypto headcount surges over 100% since 2019 despite implosionsWhile industry giants like Binance hire and lay off thousands of people, other crypto heavyweights like Tether only have 60 employees.8
Privacy-focused Aleo says KYC leak is copy and paste error
Amaka Nwaokocha12 hours agoPrivacy-focused Aleo says KYC leak is copy and paste errorAccording to Aleo’s statement, it has begun implementing new long-term technical controls for its KYC confirmation practices.5788 Tot