[2016-10-17] DCEBrief - Digital Currency and the Great Wealth Transfer

[Chase]

Op-Ed: Digital Currency and the Great Wealth Transfer

In the United States alone, Baby Boomers (those born between 1946 and 1964) are on track to inherit around $12 trillion from their savings-conscious parents who were raised in the era of the Great Depression. Over the next thirty years, these boomers will pass on an estimated $30 trillion to their Generation X children. These two events are on track to make up the largest transfer of wealth in history.

There is however, another potential wealth transfer brewing that could end up being the greatest of them all...

Read the full story: http://dcebrief.com/digital-currency-and-the-great-wealth-transfer/

[aso118]

Op-Ed: Digital Currency and the Great Wealth Transfer

In the United States alone, Baby Boomers (those born between 1946 and 1964) are on track to inherit around $12 trillion from their savings-conscious parents who were raised in the era of the Great Depression. Over the next thirty years, these boomers will pass on an estimated $30 trillion to their Generation X children. These two events are on track to make up the largest transfer of wealth in history.

There is however, another potential wealth transfer brewing that could end up being the greatest of them all...

Read the full story: http://dcebrief.com/digital-currency-and-the-great-wealth-transfer/

The Gen X has already spent this wealth. They are knee deep in credit card and student loan debt.
Bitcoin is right now too small to make a dent in the global wealth distribution.

[Chase]

Op-Ed: Digital Currency and the Great Wealth Transfer

In the United States alone, Baby Boomers (those born between 1946 and 1964) are on track to inherit around $12 trillion from their savings-conscious parents who were raised in the era of the Great Depression. Over the next thirty years, these boomers will pass on an estimated $30 trillion to their Generation X children. These two events are on track to make up the largest transfer of wealth in history.

There is however, another potential wealth transfer brewing that could end up being the greatest of them all...

Read the full story: http://dcebrief.com/digital-currency-and-the-great-wealth-transfer/

The Gen X has already spent this wealth. They are knee deep in credit card and student loan debt.
Bitcoin is right now too small to make a dent in the global wealth distribution.

"The Gen X has already spent this wealth." - You are probably right. lol

Bitcoin is too small right now, but if it is adopted first by the poor (in many cases, it is their only viable currency) and appreciates in their hands before mass adoption of the rest of the world - this is where the redistribution of wealth will occur. It is just getting started...