Wealth transfer could accelerate crypto adoption industry says

Crypto mass adoption may be inevitable as wealth shifts from older generations to younger, more crypto-friendly investors, according to industry executives.

Galaxy One head Zac Prince said younger generations inheriting assets are more likely to allocate capital to crypto.

When that wealth transfer starts, the preferences of younger folks are going to matter more.

Zac Prince said.

UBS estimates Americans hold $163 trillion in wealth, with baby boomers controlling more than half of those assets.

Coinbase data shows younger investors are three times more likely than older counterparts to hold crypto and other non-traditional assets.

Younger generations’ comfort with technology and intuitive trading apps favours digital asset adoption.

Prince said.

He added that instant trading tools and all-in-one financial platforms contrast sharply with traditional brokerage models.

Surveys suggest older generations may already be warming to crypto despite historical scepticism.

An Australian CoinSpot survey found 38.5% of people over 60 are open to investing in crypto.

Independent Reserve data showed crypto ownership among Australians over 65 tripled between 2019 and 2024.