A senior Galaxy Digital executive predicts a structural shift in the financial landscape that could accelerate the adoption of cryptocurrencies worldwide, driven not just by marketing or technology, but by demographics and intergenerational wealth transfer.
Zac Prince, head of Galaxy Digital’s banking arm, Galaxy One, told The Milk Road podcast that older, more conservative investors will eventually abandon their investment. wealth. These younger heirs tend to be more open to alternative assets, such as cryptocurrencies, which will influence how this capital is allocated.
To explain his point of view and allow for better understanding, the industry executive said that older generations show considerable doubt when venturing into the crypto industry. On the other hand, younger generations are showing increased interest in the industry.
Therefore, when wealth from older generations is passed down to younger generations, Prince expresses that some of that wealth will eventually end up in cryptocurrencies. He also emphasized that global recognition of cryptocurrency would be established in a short time.
Prince Describes Crypto Exposure Based on Age Group
In a press release, the leader of Galaxy highlighted “I see a lot of talk about how young people are fighting because older people control most of the money.” According to his argument, the transfer of assets is certain, and once this act is done, the preferences of the younger generation will be prioritized.
Following his statement, the investment bank UBS made public its analysis of the study on global wealth. According to their findings, the total wealth of U.S. citizens is approximately $163 trillion, with baby boomers, individuals born between the end of World War II and the early 1960s, playing a significant role in this contribution, holding a total of approximately $83.3 trillion in assets.
Meanwhile, apart from Prince’s assertion, a Q4 State of Crypto report from crypto exchange Coinbase indicated that investors in the younger age bracket demonstrated a growing desire to invest more in cryptocurrencies compared to older investors.
To support this claim, a survey was conducted revealing that 25% of young investors reported owning non-traditional assets, such as private investments, derivatives and cryptocurrencies. In contrast, only 8% of older investors held these assets.
Prince also addresses issues related to exposure to technology. He noted that the increased exposure demonstrated by younger generations in the tech ecosystem compared to older generations could have a significant benefit for the crypto industry as a whole.
Technology plays a crucial role in the crypto industry
Regarding the impacts of technology on the crypto industry, sources mentioned that recent developments in the ecosystem have increased the accessibility of immediate buying and selling of digital assets through apps, thereby facilitating trades by offering different types of products in one place.
These technological developments have also incorporated user-friendly designs, streamlining the transaction process, unlike the old way. This method initially required contacting a broker or making an appointment with a financial advisor before making these transactions.
Noting his advantages in the industry, Prince said these trends further his interests.
However, although recent surveys prove that older generations are hesitant to venture into the crypto industry, analysts have highlighted a theme of change among these investors. This is after it was discovered that Australian exchange CoinSpot’s April 2025 survey of Australians over 60 indicated that some of these investors were willing to explore the crypto industry with significant investments in the future.
Notably, older investors who made these claims outperformed the national average by 37.8%.
Additionally, a 2024 survey conducted by Australian stock exchange Independent Reserve showed that more baby boomers had started allocating funds to the crypto industry, with the percentage of investors over 65 holding cryptocurrencies tripling from 2% in 2019 to 6% by 2024.
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