Tom Lee sees $2 trillion wealth transfer fueling crypto demand as Bitmine buys more ether
Source: CoinDesk ·
From the source
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. Tom Lee, chairman of ether ETH $2,529.32 treasury firm Bitmine BMNR $24.07 , said he sees a wave of inherited wealth flowing to younger investors as a potential driver of the next crypto bull market. Lee, a Wall Street veteran who also co-founded financial research and asset management firm Fundstrat in 2014 and serves as its chief investment officer, pointed to estimates from the U.S. Internal Revenue Service (IRS) and Fundstrat suggesting between $1.5 trillion and $2 trillion in wealth could change hands from 2026 through 2028. "The wealth transfer underway is expected to support the upcoming crypto bull market as those inheriting wealth are younger and likely have a higher risk appetite for crypto and equities," Lee said in a Monday statement. His remarks echoed what Vlad Tenev, CEO of digital brokerage Robinhood,…