Crypto could see $6 trillion from inheritances over 20 years: Bitwise’s Matthew Sigel

Crypto could witness an influx of over $6 trillion in the next two decades, according to Matthew Sigel, the Head of Digital Assets Research at Bitwise. Sigel referenced a study by the Bank of America Private Bank conducted in 2024 that projected a potential inheritance of $84 trillion for Gen X, millennials, and future generations from seniors and Baby Boomers until 2045. For the projected $6 trillion to enter the crypto market, young US investors aged 21-43 would need to inherit $42 trillion and allocate 14% of that amount to crypto investments continuously. To achieve this, young investors would require an annual investment of $300 billion over the next 20 years. The Bank of America study also revealed that 28% of investors aged 21-43 see crypto as a prime growth opportunity, ranking it second only to real estate (31%) and surpassing other investment options such as private equity. In contrast, only 4% of investors aged 44 and above considered crypto as having significant growth potential. The study further indicated that young investors sought alternative investment options due to a belief that traditional stocks and bonds would not yield above-average returns. The Bank of America hypothesized that the interest of young investors in crypto could be driven by uncertainty and perceived risk-aversion among wealthy individuals in this age group.