The “great wealth transfer” is underway, and could be one of the greatest drivers of cryptographic adoption in history, an Xapo Bank report said on Wednesday in a report.
During the next decade, billions of dollars will pass from the Baby Boomers to the younger heirs. In the United States alone, it is estimated that $ 10.6 billion will change hands by 2030, with more billion in Europe and Asia, according to the report.
Unlike their parents, these heirs are much more inclined towards digital assets, preparing the stage for Bitcoin
become a central component of inherited wealth.
Xapo Bank analysts pointed out that between $ 160 billion and $ 225 billion could flow Bitcoin during the next two decades, as a result of this generational change, translating an additional $ 20 million to $ 28 million in daily demand.
Bitcoin’s shortage, decentralization and potential as inflation coverage make it an attractive value store for this next generation, the report said.
Even so, inheriting cryptography is more complicated than inheriting a brokerage account. The keys can be lost, unregulated exchanges are still risky and legal frameworks are inconsistent.
The ‘Bitcoin Beniciaries’ program of the firm based in Gibraltar is designed to address the inheritance challenges, offering safe custody, legally recognized transfer mechanisms and regulatory clarity for the heirs.
The bank says that its richest customers are already adopting the service, indicating that sophisticated holders consider that inheritance planning is essential to protect their digital legacies.
For Bitcoin holders, ensuring an inheritance strategy is no longer optional, it is the only way to ensure that their assets survive generational transfer, the report added.
Read more: Crypto Bank Xapo’s European Banks European Banks License will offer actions like Apple
