“Great Wealth Transfer” is underway and it can be one of the biggest driving forces for crypto recording in history, Crypto Friendly Xapo Bank said in a report Wednesday.
Over the next decade, trillion of dollars will move from baby boomers to younger heirs. In the US alone, estimated $ 10.6 trillion will change hands by 2030 with trillion more in Europe and Asia, the report said.
Unlike their parents, these heirs are far more likely to digital assets that set the scene for Bitcoin
To become a core component of hereditary wealth.
Xapo Bank analysts noted that between $ 160 billion and $ 225 billion could flow to Bitcoin over the next two decades, as a result of this generational change, translating to an additional $ 20 million to $ 28 million in daily demand.
Bitcoin’s scarcity, decentralization and potential as an inflation hedge makes it an attractive value for this next generation, the report noted.
Still, inheriting crypto is more complicated than inheriting a broker account. Keys can be lost, unregulated exchanges remain risky, and legal frameworks are inconsistent.
The Gibraltar-based company ‘Bitcoin recipients’ program is designed to tackle inheritance challenge head-on offering secure custody, legally recognized transfer mechanisms and legislative clarity for heirs.
The bank says its richest clients are already adopting the service and signaling that sophisticated holders see inheritance planning as important to protect their digital heritage.
For Bitcoin holders, it is no longer optional to secure an inheritance strategy, it is the only way to ensure that their assets survive the generational management, the report added.
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