Bitcoin Price Will Rise As Population Rejuvenates

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The generation, which was recently called Baby Boomer in the USA, that was born roughly between 1945 and 1965, now controls 54% of the total wealth in the country. This means that over $ 50 trillion of money is under the control of the elderly population.

According to the research of Kraken, one of the crypto companies, this money will be transferred to the youth (for natural reasons) and will be inherited in the next 10 years. That’s exactly why Bitcoin price can increase tens of thousands of dollars.

Young People’s Interest in Bitcoin
Cryptocurrencies like Bitcoin currently appeal to the younger population rather than the older population. We know that. According to a survey conducted in 2019, only 8% of people over the age of 65 are considering investing in BTC, while this rate is 42% for people aged 18-34.

It is quite possible that the number of young people who buy / use Bitcoin in the USA will increase over time in Kraken’s researches. The money transferred to Bitcoin may increase rapidly as the total wealth in the country is transferred from the old to the young in the next 10 years.

The company thinks that over $ 50 trillion of money currently managed by seniors will remain with young people over time and that young people can use some of this money to buy Bitcoin. According to Kraken’s research, the price of BTC can reach 70 thousand dollars even if young people use even 1% of this wealth that will remain from the elderly.

According to Kraken, in an optimistic scenario, young people can transfer more than 900 billion dollars to Bitcoin, which can increase the price of BTC up to 350 thousand dollars.

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