The experts say, there is a current, in-progress wealth transfer, which is done by the baby boomers, not the Millenials or Gen-Z. The baby boomer generation, who are born after the second world war, has 53% of the wealth of the world, while the latest two age groups have only 5%. This explained very well, why young people don’t purchase more BTC.
Older generations had more opportunity to generate wealth, and savings, especially in western countries. And those who did it well, of course, want to decide, what will happen with this money. Today many experts and professionals say, holding wealth in cash, won’t be a good idea, it worth searching for other solutions. And when you start to search, it’s sure, you will be met with bitcoin and cryptocurrencies.