The old generation is expected to pour hundreds of billions into the crypto markets

Mark Yusko, CEO of Morgan Creek Capital, foresees a significant influx of funds into the cryptocurrency market as baby boomers' trillions of dollars in wealth seek exposure to digital assets.

In an interview for the podcast "The Wolf Of All Streets” Yusko highlighted the impact of the introduction of spot Bitcoin exchange-traded funds (ETFs) and growing interest from registered investment advisers, seeing a significant shift in demand. However, he emphasized that the full extent of this change is not yet realized:

I expect about $12 billion to flow into this space over the next 300 months, which is 1% of $30 trillion. This amount exceeds the total capital converted into Bitcoin in the last 15 years. That's really impressive.

Yusko suggested that this influx of capital is likely to come from baby boomers, individuals born between 1946 and 1964, who use retirement accounts managed by financial advisers. As reported by the Association of Investment Advisers, in 2022 financial advisers in the US were responsible for managing $114 trillion in assets.

"It's been roughly three months since the beginning of the ETF era, and we've already seen about 10% of the expected influx of registered investment advisors overseeing baby boomers' financial holdingsYusko noted, pointing out that this wave could potentially push the cryptocurrency market capitalization up to $6 trillion.

Reflecting on societal change in acceptance of cryptocurrencies among Americans, Yusko commented:

I've been saying this is going to be the best Thanksgiving ever. Gone are the days when we were kicked out of family gatherings for dabbling in crypto.