The "great wealth transfer" is underway, and it could be one of the biggest drivers of crypto adoption in history, crypto friendly Xapo Bank said in a report Wednesday.

Over the next decade, trillions of dollars will move from baby boomers to younger heirs. In the U.S. alone, an estimated $10.6 trillion will change hands by 2030, with trillions more in Europe and Asia, the report said.

Unlike their parents, these heirs are far more inclined toward digital assets, setting the stage for bitcoin (BTC) to become a core component of inherited wealth.

Xapo Bank analysts noted that between $160 billion and $225 billion could flow into bitcoin over the next two decades, as a result of this generational shift, translating into an additional $20 million to $28 million in daily demand.

Bitcoin’s

See Full Page