Advertisement
AD

Main navigation

Error message

  • Warning: Undefined array key 1 in Drupal\cryptocompare\TwigExtension\RemoveSpace::getcard() (line 3059 of modules/custom/cryptocompare/src/TwigExtension/RemoveSpace.php).
    Drupal\cryptocompare\TwigExtension\RemoveSpace::getcard('
                        Contents
                        <ul class="article__contents-list"><li class="article__contents-item"><a class="article__contents-link link-pseudo" href="#h277">A Bitcoin-friendly generation  </a></li><li class="article__contents-item"><a class="article__contents-link link-pseudo" href="#h347">Shattering gender stereotypes   </a></li></ul>
        Advertisement
        
            
        
        
            
                    
                
                                                
    
            
            
                    
                
                                                
    
            
        
    Grayscale's managing director Michael Sonnenshein&nbsp;recently <a rel="nofollow" target="_blank" href="https://twitter.com/YahooFinance/status/1204429545874608129">made an appearance</a> on Yahoo! Finance where he weighed in on the upcoming generational transfer of wealth that could do wonders for Bitcoin.&nbsp;&nbsp;&nbsp;
    
    <blockquote>
    "The $68 trln of wealth are going to be passed down to millenials over the next 25 years. That's a lot of capital," Sonnenschein said.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    </blockquote>
    
    The Grayscale exec doesn't expect all this money to flow into Bitcoin&nbsp;but he states that the top coin is&nbsp;"certainly" going to resonate with the millennial audience (aged 18 to 37).&nbsp;
    
    <a rel="nofollow" target="_blank" href="#">card</a>
    
    A Bitcoin-friendly generation&nbsp;&nbsp;
    
    Back in July, Grayscale released its report, which showed that 21 million US investors considered putting their money into Bitcoin.&nbsp;Sonnenschein thinks millennials could be&nbsp;the generation that will drive the adoption of cryptocurrencies.
    
    He points to the recent report released by <a rel="nofollow" target="_blank" href="https://pressroom.aboutschwab.com/press-release/schwab-corporate-retirement-services-news/schwab-report-self-directed-401k-balances-ho">brokerage firm Charles Schwab</a>, which shows that&nbsp;the Grayscale&nbsp;Bitcoin Trust&nbsp;was more popular with millennials than Netflix and Disney.&nbsp;
    
    A <a rel="nofollow" target="_blank" href="https://www.bankrate.com/investing/financial-security-july-2018/">Bankrate survey</a> found that millennials were five times more likely to put their money into crypto compared to the generation of baby boomers (55-75 years old).&nbsp;
    
    The least Bitcoin-friendly demo might not be a completely lost cause. As <a rel="nofollow" target="_blank" href="#">reported by U.Today</a>, Galaxy Digital CEO Mike Novogratz wants to tap into the immense wealth of elderly Americans with his two new Bitcoin funds.&nbsp;&nbsp;
    
    <a href="https://u.today/crypto-is-on-the-verge-of-breakout-decade-deutsche-bank-strategist">card</a>
    
    Shattering gender stereotypes&nbsp; &nbsp;
    
    The cryptocurrency industry is generally considered to be dominated by men. They represent <a href="https://u.today/cryptocurrency-industry-still-faces-gender-inclusiveness-problem-with-females-representing-only-21">79 percent</a> of all crypto-related event speakers. However, Grayscale findings show a different picture -- 43 percent of all interested investors are female.
    
    Still, there is an educational gap, which appears to be the biggest hindrance&nbsp;for those women who want to dip their toes into crypto.&nbsp;&nbsp;
    
    
    &nbsp;
    
    ') (Line: 1086)
    Drupal\cryptocompare\TwigExtension\RemoveSpace->formatbody(Array) (Line: 54)
    __TwigTemplate_75845256f703f5319a38e035b4af7dd9->doDisplay(Array, Array) (Line: 394)
    Twig\Template->displayWithErrorHandling(Array, Array) (Line: 367)
    Twig\Template->display(Array) (Line: 379)
    Twig\Template->render(Array, Array) (Line: 40)
    Twig\TemplateWrapper->render(Array) (Line: 53)
    twig_render_template('themes/cryptod/templates/field--body.html.twig', Array) (Line: 372)
    Drupal\Core\Theme\ThemeManager->render('field', Array) (Line: 436)
    Drupal\Core\Render\Renderer->doRender(Array, ) (Line: 204)
    Drupal\Core\Render\Renderer->render(Array) (Line: 474)
    Drupal\Core\Template\TwigExtension->escapeFilter(Object, Array, 'html', NULL, 1) (Line: 1015)
    __TwigTemplate_625426e732c5f7a66fde6d628d98a6b2->doDisplay(Array, Array) (Line: 394)
    Twig\Template->displayWithErrorHandling(Array, Array) (Line: 367)
    Twig\Template->display(Array) (Line: 62)
    __TwigTemplate_e934e56c1e459c359b150360c7169113->doDisplay(Array, Array) (Line: 394)
    Twig\Template->displayWithErrorHandling(Array, Array) (Line: 367)
    Twig\Template->display(Array) (Line: 379)
    Twig\Template->render(Array, Array) (Line: 40)
    Twig\TemplateWrapper->render(Array) (Line: 53)
    twig_render_template('themes/cryptod/templates/node.html.twig', Array) (Line: 372)
    Drupal\Core\Theme\ThemeManager->render('node', Array) (Line: 436)
    Drupal\Core\Render\Renderer->doRender(Array, ) (Line: 204)
    Drupal\Core\Render\Renderer->render(Array, ) (Line: 238)
    Drupal\Core\Render\MainContent\HtmlRenderer->Drupal\Core\Render\MainContent\{closure}() (Line: 583)
    Drupal\Core\Render\Renderer->executeInRenderContext(Object, Object) (Line: 239)
    Drupal\Core\Render\MainContent\HtmlRenderer->prepare(Array, Object, Object) (Line: 128)
    Drupal\Core\Render\MainContent\HtmlRenderer->renderResponse(Array, Object, Object) (Line: 90)
    Drupal\Core\EventSubscriber\MainContentViewSubscriber->onViewRenderArray(Object, 'kernel.view', Object)
    call_user_func(Array, Object, 'kernel.view', Object) (Line: 111)
    Drupal\Component\EventDispatcher\ContainerAwareEventDispatcher->dispatch(Object, 'kernel.view') (Line: 187)
    Symfony\Component\HttpKernel\HttpKernel->handleRaw(Object, 1) (Line: 76)
    Symfony\Component\HttpKernel\HttpKernel->handle(Object, 1, 1) (Line: 58)
    Drupal\Core\StackMiddleware\Session->handle(Object, 1, 1) (Line: 48)
    Drupal\Core\StackMiddleware\KernelPreHandle->handle(Object, 1, 1) (Line: 191)
    Drupal\page_cache\StackMiddleware\PageCache->fetch(Object, 1, 1) (Line: 128)
    Drupal\page_cache\StackMiddleware\PageCache->lookup(Object, 1, 1) (Line: 82)
    Drupal\page_cache\StackMiddleware\PageCache->handle(Object, 1, 1) (Line: 48)
    Drupal\Core\StackMiddleware\ReverseProxyMiddleware->handle(Object, 1, 1) (Line: 51)
    Drupal\Core\StackMiddleware\NegotiationMiddleware->handle(Object, 1, 1) (Line: 51)
    Drupal\Core\StackMiddleware\StackedHttpKernel->handle(Object, 1, 1) (Line: 704)
    Drupal\Core\DrupalKernel->handle(Object) (Line: 18)
    
  • Warning: Undefined array key 1 in Drupal\cryptocompare\TwigExtension\RemoveSpace::getcard() (line 3062 of modules/custom/cryptocompare/src/TwigExtension/RemoveSpace.php).
    Drupal\cryptocompare\TwigExtension\RemoveSpace::getcard('
                        Contents
                        <ul class="article__contents-list"><li class="article__contents-item"><a class="article__contents-link link-pseudo" href="#h277">A Bitcoin-friendly generation  </a></li><li class="article__contents-item"><a class="article__contents-link link-pseudo" href="#h347">Shattering gender stereotypes   </a></li></ul>
        Advertisement
        
            
        
        
            
                    
                
                                                
    
            
            
                    
                
                                                
    
            
        
    Grayscale's managing director Michael Sonnenshein&nbsp;recently <a rel="nofollow" target="_blank" href="https://twitter.com/YahooFinance/status/1204429545874608129">made an appearance</a> on Yahoo! Finance where he weighed in on the upcoming generational transfer of wealth that could do wonders for Bitcoin.&nbsp;&nbsp;&nbsp;
    
    <blockquote>
    "The $68 trln of wealth are going to be passed down to millenials over the next 25 years. That's a lot of capital," Sonnenschein said.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    </blockquote>
    
    The Grayscale exec doesn't expect all this money to flow into Bitcoin&nbsp;but he states that the top coin is&nbsp;"certainly" going to resonate with the millennial audience (aged 18 to 37).&nbsp;
    
    <a rel="nofollow" target="_blank" href="#">card</a>
    
    A Bitcoin-friendly generation&nbsp;&nbsp;
    
    Back in July, Grayscale released its report, which showed that 21 million US investors considered putting their money into Bitcoin.&nbsp;Sonnenschein thinks millennials could be&nbsp;the generation that will drive the adoption of cryptocurrencies.
    
    He points to the recent report released by <a rel="nofollow" target="_blank" href="https://pressroom.aboutschwab.com/press-release/schwab-corporate-retirement-services-news/schwab-report-self-directed-401k-balances-ho">brokerage firm Charles Schwab</a>, which shows that&nbsp;the Grayscale&nbsp;Bitcoin Trust&nbsp;was more popular with millennials than Netflix and Disney.&nbsp;
    
    A <a rel="nofollow" target="_blank" href="https://www.bankrate.com/investing/financial-security-july-2018/">Bankrate survey</a> found that millennials were five times more likely to put their money into crypto compared to the generation of baby boomers (55-75 years old).&nbsp;
    
    The least Bitcoin-friendly demo might not be a completely lost cause. As <a rel="nofollow" target="_blank" href="#">reported by U.Today</a>, Galaxy Digital CEO Mike Novogratz wants to tap into the immense wealth of elderly Americans with his two new Bitcoin funds.&nbsp;&nbsp;
    
    <a href="https://u.today/crypto-is-on-the-verge-of-breakout-decade-deutsche-bank-strategist">card</a>
    
    Shattering gender stereotypes&nbsp; &nbsp;
    
    The cryptocurrency industry is generally considered to be dominated by men. They represent <a href="https://u.today/cryptocurrency-industry-still-faces-gender-inclusiveness-problem-with-females-representing-only-21">79 percent</a> of all crypto-related event speakers. However, Grayscale findings show a different picture -- 43 percent of all interested investors are female.
    
    Still, there is an educational gap, which appears to be the biggest hindrance&nbsp;for those women who want to dip their toes into crypto.&nbsp;&nbsp;
    
    
    &nbsp;
    
    ') (Line: 1086)
    Drupal\cryptocompare\TwigExtension\RemoveSpace->formatbody(Array) (Line: 54)
    __TwigTemplate_75845256f703f5319a38e035b4af7dd9->doDisplay(Array, Array) (Line: 394)
    Twig\Template->displayWithErrorHandling(Array, Array) (Line: 367)
    Twig\Template->display(Array) (Line: 379)
    Twig\Template->render(Array, Array) (Line: 40)
    Twig\TemplateWrapper->render(Array) (Line: 53)
    twig_render_template('themes/cryptod/templates/field--body.html.twig', Array) (Line: 372)
    Drupal\Core\Theme\ThemeManager->render('field', Array) (Line: 436)
    Drupal\Core\Render\Renderer->doRender(Array, ) (Line: 204)
    Drupal\Core\Render\Renderer->render(Array) (Line: 474)
    Drupal\Core\Template\TwigExtension->escapeFilter(Object, Array, 'html', NULL, 1) (Line: 1015)
    __TwigTemplate_625426e732c5f7a66fde6d628d98a6b2->doDisplay(Array, Array) (Line: 394)
    Twig\Template->displayWithErrorHandling(Array, Array) (Line: 367)
    Twig\Template->display(Array) (Line: 62)
    __TwigTemplate_e934e56c1e459c359b150360c7169113->doDisplay(Array, Array) (Line: 394)
    Twig\Template->displayWithErrorHandling(Array, Array) (Line: 367)
    Twig\Template->display(Array) (Line: 379)
    Twig\Template->render(Array, Array) (Line: 40)
    Twig\TemplateWrapper->render(Array) (Line: 53)
    twig_render_template('themes/cryptod/templates/node.html.twig', Array) (Line: 372)
    Drupal\Core\Theme\ThemeManager->render('node', Array) (Line: 436)
    Drupal\Core\Render\Renderer->doRender(Array, ) (Line: 204)
    Drupal\Core\Render\Renderer->render(Array, ) (Line: 238)
    Drupal\Core\Render\MainContent\HtmlRenderer->Drupal\Core\Render\MainContent\{closure}() (Line: 583)
    Drupal\Core\Render\Renderer->executeInRenderContext(Object, Object) (Line: 239)
    Drupal\Core\Render\MainContent\HtmlRenderer->prepare(Array, Object, Object) (Line: 128)
    Drupal\Core\Render\MainContent\HtmlRenderer->renderResponse(Array, Object, Object) (Line: 90)
    Drupal\Core\EventSubscriber\MainContentViewSubscriber->onViewRenderArray(Object, 'kernel.view', Object)
    call_user_func(Array, Object, 'kernel.view', Object) (Line: 111)
    Drupal\Component\EventDispatcher\ContainerAwareEventDispatcher->dispatch(Object, 'kernel.view') (Line: 187)
    Symfony\Component\HttpKernel\HttpKernel->handleRaw(Object, 1) (Line: 76)
    Symfony\Component\HttpKernel\HttpKernel->handle(Object, 1, 1) (Line: 58)
    Drupal\Core\StackMiddleware\Session->handle(Object, 1, 1) (Line: 48)
    Drupal\Core\StackMiddleware\KernelPreHandle->handle(Object, 1, 1) (Line: 191)
    Drupal\page_cache\StackMiddleware\PageCache->fetch(Object, 1, 1) (Line: 128)
    Drupal\page_cache\StackMiddleware\PageCache->lookup(Object, 1, 1) (Line: 82)
    Drupal\page_cache\StackMiddleware\PageCache->handle(Object, 1, 1) (Line: 48)
    Drupal\Core\StackMiddleware\ReverseProxyMiddleware->handle(Object, 1, 1) (Line: 51)
    Drupal\Core\StackMiddleware\NegotiationMiddleware->handle(Object, 1, 1) (Line: 51)
    Drupal\Core\StackMiddleware\StackedHttpKernel->handle(Object, 1, 1) (Line: 704)
    Drupal\Core\DrupalKernel->handle(Object) (Line: 18)
    

Bitcoin Could Benefit from $68 Trillion Generational Wealth Transfer: Grayscale Exec

Advertisement
Tue, 10/12/2019 - 18:43
Bitcoin Could Benefit from $68 Trillion Generational Wealth Transfer: Grayscale Exec
Cover image via U.Today
Read U.TODAY on
Google News
Contents
Advertisement

Grayscale's managing director Michael Sonnenshein recently made an appearance on Yahoo! Finance where he weighed in on the upcoming generational transfer of wealth that could do wonders for Bitcoin.   

"The $68 trln of wealth are going to be passed down to millenials over the next 25 years. That's a lot of capital," Sonnenschein said.        

The Grayscale exec doesn't expect all this money to flow into Bitcoin but he states that the top coin is "certainly" going to resonate with the millennial audience (aged 18 to 37). 

card

A Bitcoin-friendly generation  

Back in July, Grayscale released its report, which showed that 21 million US investors considered putting their money into Bitcoin. Sonnenschein thinks millennials could be the generation that will drive the adoption of cryptocurrencies.

He points to the recent report released by brokerage firm Charles Schwab, which shows that the Grayscale Bitcoin Trust was more popular with millennials than Netflix and Disney. 

A Bankrate survey found that millennials were five times more likely to put their money into crypto compared to the generation of baby boomers (55-75 years old). 

The least Bitcoin-friendly demo might not be a completely lost cause. As reported by U.Today, Galaxy Digital CEO Mike Novogratz wants to tap into the immense wealth of elderly Americans with his two new Bitcoin funds.  

Shattering gender stereotypes   

The cryptocurrency industry is generally considered to be dominated by men. They represent 79 percent of all crypto-related event speakers. However, Grayscale findings show a different picture -- 43 percent of all interested investors are female.

Still, there is an educational gap, which appears to be the biggest hindrance for those women who want to dip their toes into crypto.  

 
Advertisement
TopCryptoNewsinYourMailbox
TopCryptoNewsinYourMailbox
Advertisement

Latest Press Releases

Is Bitcoin Mining Legal? Regions in the World Where Mining Is Legally Permissible
Zircuit, New ZK-Rollup Focused on Security, Launches Staking Program
AI Analysis Launches The AIA Mastercard – The Future of Crypto-Fiat Transactions
VAP Group hosts the majestic Global Blockchain Show 2024 in Dubai
Digital Transformation Week Is Returning to Santa Clara This Summer
Arab Financial Services (AFS) Enter Strategic Alliance with Xpence to Innovate SME Financial Management in Bahrain
Breaking Records: UXLINK Attracts 978,000 New Web3 Wallet Registration with $78,000,000 Deposit asset from February 01 to February 22, 2024
What To Expect from The Bitcoin Halving in April 2024
Testnet Launch for dWallet Network - Composable Modular Signature Network
ETH Denver Top Builders Base by Supermoon, Cointelegraph, NDC, Horizen, & Conflux
Citrea, Bitcoin’s First ZK Rollup, Announces $2.7M Seed Funding
Chromia’s Flagship Game ‘My Neighbor Alice’ Unveils 2024 Roadmap
First-Ever ICO on Bitcoin Blockchain: $3.1M Raised in Under 6 Days
CoinList to Host the MASA Token Public Sale as it Unleashes the World’s Personal Data Network
Sui Reveals Initial Wave of Speakers, Famed Venue for First Annual Basecamp Event
Vitalik Buterin Comes to Taiwan as Keynote Speaker at ETHTaipei 2024
Elevating Europe’s Crypto Hub: Next Block Expo Returns to Poland
Bridging the Data Trust Gap: 2024 RegTech Confab Set to Unlock Africa’s Economic Potential
ApeX Protocol Partners with Alertatron to Enhance Automated Trading Capabilities
TeachMeCode Institute Announces Grand Opening of Cutting-Edge Dubai School
Our social media
There's a lot to see there, too

Popular articles