Research: Millennials Can Move Bitcoin (BTC) to $ 350,000

According to the report published by Kraken Intelligence, one of the leading crypto exchanges, Kraken’s internal research team, Bitcoin (BTC) can rise to $ 350,000 by 2044. This will be possible as a result of millennials buying Bitcoin with the wealth they took over.

4 / Relative to marginal supply, the implied price of the #Bitco in 2044 would be about $ 350,000 (assuming the $ 971 billion investment).

The chart below shows the price of bitcoin if this figure is higher or lower. pic.twitter.com/2bchzyv4ro

– Kraken Exchange (@krakenfx) March 25, 2020

As of now, those born in America between 1946 and 1964 control 57% of the total wealth. However, they will take control of the $ 50 trillion of wealth in the millennium in a short time. It will be the largest intergenerational wealth transfer on this date.

It is not just a hope that much of this money will be transferred to Bitcoin. According to many surveys, millenniums are the most interested in crypto assets. According to the research conducted by Blockchain Capital, 42% of these wealth owners stated that they wanted to buy BTC in the next 5 years.

9 / The impacts could be big, even if our projections are wrong.

If just 1% of the money inherited by Gen X and millennials is invested in BTC, the price of could grow to $ 70,000 in 2044.

And again, we’re only talking about the U.S. ?

READ MORE: https://t.co/mu9twHedjf

– Kraken Exchange (@krakenfx) March 25, 2020

In the report published by Kraken Intelligence, it is also stated that the research covers only American investors, and even the price of Bitcoin is 400.000 dollars considering globally. In the worst case, in the case of millennials transferring only 1% of their wealth to Bitcoin, the price of 1 BTC is expected to rise to $ 70,000 in 2044.