REPORT: $68.4 Trillion Bitcoin Tidal Wave Coming | BTC Price Can Hit $50K in 2020 ‘Very Easily’

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Are you ready for an incoming $68.4 Trillion Bitcoin (BTC) tidal wave?

A new report from the digital asset manager CoinShares suggests a massive transfer of wealth is set to benefit Bitcoin.

According to the firm, about $68.4 trillion in wealth owned by baby boomers and the silent generation will be handed down to Millennials and Generation X over the next 25 years.

And Millennials’ investing habits appear to be quite different than their forefathers.

CoinShares highlights a survey from Blockchain Capital that shows significant portion of respondents would rather own Bitcoin than government bonds, stocks, real estate and gold. The BTC price can “very easily” hit $50,000 during 2020, the CEO of one cryptocurrency industry business has told mainstream media.

In an interview with Bloomberg in Berlin on Jan. 3, Antoni Trenchev, head of Bitcoin lending platform Nexo.io, said Bitcoin price growth since its inception was almost unlike anything ever seen.

“It’s been an incredible asset uncorrelated to the overall market,” he told the network. 

Trenchev added Bitcoin’s journey to up to $20,000 was reminiscent of German hyperinflation after the First World War.

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DISCLAIMER: This is NOT financial advice. The views and opinions expressed in this video are just opinions, nothing more. Trading is very risky, especially when trading with leverage. Seek financial advice from a professional and trade at your own risk because I am not responsible for any investment decisions that you choose to make.

Show Notes / Resources:

➡️ CRYPTO TRENDS REPORT: https://drive.google.com/file/d/1kPe42N6V5Ge7cqL5ipiWtPpxZLtbwhV5

https://cointelegraph.com/news/bitcoin-can-hit-50k-in-2020-very-easily-nexo-ceo-tells-bloomberg

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