{"id":28131,"date":"2024-03-24T23:29:03","date_gmt":"2024-03-24T23:29:03","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/bitcoin-to-benefit-from-84-trillion-baby-boomers-wealth-transfer-anthony-scaramucci-says\/"},"modified":"2024-03-24T23:29:03","modified_gmt":"2024-03-24T23:29:03","slug":"bitcoin-to-benefit-from-84-trillion-baby-boomers-wealth-transfer-anthony-scaramucci-says","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/bitcoin-to-benefit-from-84-trillion-baby-boomers-wealth-transfer-anthony-scaramucci-says\/","title":{"rendered":"Bitcoin to Benefit from $84 Trillion Baby Boomers Wealth Transfer, Anthony Scaramucci Says"},"content":{"rendered":"<p><b>(Originally posted on : Crypto News &#8211; iGaming.org )<\/b><br \/>\n<\/p>\n<div>\n<p>Anthony Scaramucci, founder of SkyBridge Capital, has a positive outlook on Bitcoin\u2019s future, anticipating a strong increase in demand for the cryptocurrency in the next ten years. Speaking at the Bitcoin Investor Day conference held in New York City, Scaramucci highlighted the massive $84 trillion wealth transfer from baby boomers to millennials as a key factor that will drive Bitcoin\u2019s popularity skywards.<\/p>\n<p>He pointed out that younger investors, around the age of 25, are already investing heavily in <a href=\"https:\/\/igaming.org\/cryptocurrencies\/section\/what-is-a-bitcoin\/\">Bitcoin<\/a>, unlike their older counterparts who have yet to fully embrace the cryptocurrency. This gap indicates a potential for a sharp rise in Bitcoin demand as new investors continue to enter the market.<\/p>\n<p><em>\u201cSo in the next 10 years, I see it like a big python where Bitcoin is going to get absorbed into the python. There will be a big bump up in Bitcoin demand and that\u2019s coming inside of the next decade,\u201d<\/em> Scaramucci explained.<\/p>\n<p>He also entertained the possibility of Bitcoin reaching the $1 million mark, drawing a comparison to gold\u2019s market capitalization, which is approximately $14.5 trillion. According to Scaramucci, industry experts like Michael Novogratz and <a href=\"https:\/\/igaming.org\/crypto\/ark-invest-ceo-cathie-wood-stands-by-1-5m-bitcoin-price-target\/\">Cathie Wood<\/a> believe that Bitcoin could reach a market cap of $21 trillion, exceeding gold by 150%.<\/p>\n<p><em>\u201cThey\u2019re suggesting that Bitcoin should trade to a 150% of gold\u2019s overall market cap. Let\u2019s say they\u2019re wrong. Let\u2019s say it trades to its market cap or half of what they\u2019re saying, that\u2019s still inside of the ballpark of what I would consider digital gold.\u201d<\/em><\/p>\n<div class=\"main-org-3-item-ins box-100 relative mb-4\">\n<div class=\"space-org-3-items box-100 relative\">\n<div class=\"box-100 space-org-3-item relative border-tb mt-1 \">\n<div class=\"space-org-3-item-ins box-100 relative\">\n<div class=\"space-org-3-item-terms box-25 relative\">\n<div class=\"space-org-3-item-terms-ins box-100 text-center relative\"> <strong>177% up to 5BTC + 77 <strong> Free Spins<\/strong>!<\/strong> <\/p>\n<p>New players only. Exclusive Welcome Bonus of 177% + 77 Free Spins <\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div><\/div>\n<p><a href=\"https:\/\/igaming.org\/crypto\/bitcoin-to-benefit-from-84-trillion-baby-boomers-wealth-transfer\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Crypto News &#8211; iGaming.org ) Anthony Scaramucci, founder of SkyBridge Capital, has a positive outlook on Bitcoin\u2019s future, anticipating a strong increase in demand for the cryptocurrency in the next ten years. Speaking at the Bitcoin Investor Day conference held in New York City, Scaramucci highlighted the massive $84 trillion wealth [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":28132,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[34],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/28131"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=28131"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/28131\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/28132"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=28131"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=28131"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=28131"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}