Galaxy Digital’s CEO, Mike Novogratz, has a positive outlook on Bitcoin (BTC) and other digital assets, as he believes that the upcoming great wealth transfer will provide a significant boost to these cryptocurrencies. In an interview with CNBC, Novogratz stated that millennials, who are set to inherit the largest wealth transfer in history, are more inclined to invest in digital assets compared to their boomer parents and relatives.

The younger generation shows a strong affinity towards crypto, particularly Bitcoin, and is less interested in traditional investments like gold or meme stocks. Novogratz emphasizes that the younger demographic is more comfortable in the digital world and has a greater enthusiasm for digital assets. He predicts that this transfer of wealth from older generations to the youth will be immensely beneficial for the crypto market.

According to Knight Frank’s 2024 Wealth Report, the great wealth transfer will hand over a staggering $90 trillion in assets to millennials over the next two decades. Additionally, Coldwell Banker projects that by 2030, millennials will possess five times the amount of wealth they currently have.

It is important to note that the opinions expressed in this article are not investment advice. Investors are advised to conduct their own research and exercise caution when investing in high-risk assets such as Bitcoin, cryptocurrencies, or digital assets. The Daily Hodl does not endorse or recommend the buying or selling of any cryptocurrencies or digital assets and is not a financial advisor.