Morgan Creek Capital CEO Mark Yusko predicts massive Capital inflows into the cryptocurrency market as boomers' wealth, estimated to be worth trillions of dollars, seeks to enter digital assets.
In an interview with The Wolf Of All Streets podcast, Yusko discussed how the introduction of the Bitcoin ETF spot and the growing interest from investment advisors has led to a significant shift in demand. However, its full impact is yet to be realized. According to Yusko:
I believe there will be $300 billion – that's 1% of the $30 trillion – going 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 predicts Capital flows could come from boomers – those born between 1946 and 1964 – through retirement accounts managed by advisors. According to the Investment Advisers Association, US financial advisors managed $114.1 trillion in assets in 2022.
“We've only had the ETF for a few months, about three months, and we're already getting about 10% of what I believe is coming to the sector from registered investment advisors who audit the industry,” Yusko said. control all the boomers' cash.” Yusko added that the influx has the potential to push the cryptocurrency market Capital to $6 trillion.
