- Morgan Creek Capital CEO Mark Yusko predicts $300 billion will flow into crypto markets within 12 months, primarily from baby boomers’ wealth managed by investment advisers.
- Yusko believes the full impact of Bitcoin ETF adoption is yet to be realized, with only around 10% of the expected inflows from investment advisers having occurred so far.
- The influx of funds could potentially push the crypto market’s capitalization to $6 trillion, and increase social acceptance of cryptocurrencies in the U.S.
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.
Bitcoin ETFs Opening the Floodgates
During an interview with The Wolf Of All Streets podcast, Yusko discussed how the introduction of Bitcoin (BTC) 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:
“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.”
Trillions in Baby Boomer Wealth Entering Crypto
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 $41.1 trillion in assets in 2022.
Yusko stated: “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.” He added that the influx could potentially push the crypto markets capitalization to $6 trillion.
Conclusion
The executive commented: “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.” His statement refers to the expected increase in Americans’ social acceptance of cryptocurrencies resulting from greater mainstream adoption.
