Galaxy exec forecasts fresh crypto liquidity as older, conservative investors pass on inheritances

A senior executive at Galaxy Digital predicts a structural shift in the financial landscape that could accelerate cryptocurrency adoption worldwide, driven not by marketing or technology alone, but by demographics and intergenerational wealth transfer. Zac Prince, head of Galaxy Digital’s banking arm Galaxy One, told The Milk Road podcast that older, more conservative investors will eventually pass on their wealth. These younger heirs tend to be more open to alternative assets, such as crypto, which will influence how that capital is allocated. To break down his point for better understanding, the industry executive said that older generations demonstrate considerable doubt in venturing into the crypto industry. On the other hand, younger generations illustrate heightened interest in the industry. Therefore, when the wealth of the older generations is passed down to younger generations, Prince expresses that part of this wealth will ultimately end up in cryptocurrencies. He also stressed that cryptocurrency’s...

https://www.cryptopolitan.com/young-heirs-could-drive-cryptos-adoption/