Bitcoin

April

Spot

Morgan Creek Capital CEO Mark Yusko anticipates massive inflows into the crypto market as baby boomers’ wealth, estimated at trillions of dollars, seeks entry into digital assets.&nbsp;
During an interview with The Wolf Of All Streets podcast, Yusko <a href="https://www.youtube.com/watch?v=z7n_dZNkpyA" target="_blank" rel="noopener nofollow">discussed</a> how the introduction of Bitcoin (<a href="https://cointelegraph.com/bitcoin-price">BTC</a>) exchange-traded funds (ETFs) and increased interest from registered investment advisers have led to a significant shift in demand. Its full impact, however, is yet to be realized. According to Yusko:
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 “There’s going to be $300 billion, I believe — that’s 1% of $30 trillion — that comes into this space [within 12 months]. That’s actually more money than has ever [been] converted to Bitcoin in 15 years. That’s a pretty amazing thing.”
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Yusko predicted capital flows are likely to come from baby boomers — those born between 1946 and 1964 — through retirement accounts managed by advisers. According to the Investment Adviser Association, U.S. financial advisers managed $114.1 trillion in assets in 2022.
 “We’re a couple months, about three months into the ETFs, and we’ve gotten about 10% of what I believe is coming into this space from the registered investment advisers that control all the boomers’ cash,” Yusko stated, adding that the influx could potentially push the crypto market’s capitalization to $6 trillion.
“I’ve been saying that this is going to be the best Thanksgiving ever, right? No more ‘you’re not welcome because you’re a crypto person in the family,’“ the executive commented regarding the expected increase in Americans’ social acceptance of cryptocurrencies.
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 Source:&nbsp;The Wolf Of All Streets
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Spot Bitcoin ETFs were approved by the United States Securities and Exchange Commission in January, 10 years after the Winklevoss twins’ first application. Wall Street giants BlackRock, Fidelity and VanEck, among others, led the first batch of approvals. According to data from BitMEX Research, Bitcoin ETFs were worth a combined over $53 billion as of April 24. 
Magazine:&nbsp;<a href="https://cointelegraph.com/magazine/real-risks-ethena-stablecoin-model-not-ones-you-think/">The real risks to Ethena’s stablecoin model (are not the ones you think)</a>

Boomers to pour $300B into crypto markets — Morgan Creek Capital

Cointelegraph

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