Xapo Report: Bitcoin will be the main beneficiary of $84 trillion in wealth transfer

According to private bank Xapo Bank's latest report, "The Impact of Massive Wealth Transfers on Bitcoin," a global asset transfer of $84 trillion is projected from baby boomers to younger generations, with $10.6 trillion expected in the United States, $3.5 trillion in Europe, and $2.8 trillion in Asia. Millennials and Generation X are more receptive to digital assets, with an estimated $160 billion to $225 billion flowing into the cryptoasset market over the next 20 years, with daily incremental buying estimated at approximately $20 million to $28 million. The report notes that demand for Bitcoin as a long-term store of wealth will increase market liquidity, reduce volatility, and drive regulatory and institutional acceptance. Xapo has also launched a Bitcoin inheritance feature, providing clients with digital asset inheritance solutions and facilitating Bitcoin's adoption in multi-generational family wealth management.