Tom Lee sees $2 trillion wealth transfer fueling crypto demand as Bitmine buys more ether
The Bitmine chairman said he expects younger investors to drive demand for digital assets as his ether treasury company inches closer to owning 5% of the total supply.
Source: CoinDesk
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DW NOTE
Lee's thesis assumes that millennials inheriting Boomer wealth will buy crypto rather than pay down student debt, cover healthcare premiums, or bridge the gap between stagnant wages and 3.7% inflation. The last intergenerational wealth transfer went into housing deposits and index funds — this one arrives amid 5.22% Treasury yields and oil at $106.