The CEO of Morgan Creek Capital, Mark Yusko, predicts that the digital asset industry will experience a massive influx of funds from the baby boomer generation, totaling hundreds of billions of dollars. In an interview with crypto influencer Scott Melker, Yusko reveals that he expects asset managers catering to boomers to invest $300 billion in the crypto space within the next year.

Yusko emphasizes the significant demand shift that is yet to fully materialize, stating that only about 10% of the expected investment has been made so far. He points out that boomers have approximately $30 trillion managed by financial advisors, and he anticipates that 1% of this amount, equivalent to $300 billion, will flow into the crypto space. This would surpass the total amount of Bitcoin converted over the past 15 years, making it a remarkable development.

Yusko highlights the multiplier effect of Bitcoin, estimating it to be around 20x. Thus, if $300 billion is added to Bitcoin’s market, it would result in a staggering $6 trillion increase in its market capitalization.

As of now, Bitcoin is trading at $64,920, experiencing a slight 2.5% decrease in the last 24 hours.

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