Tom Lee: Intergenerational wealth transfer will drive growth in demand for cryptocurrency assets

Tom Lee, Chairman of Bitmine Immersion Technologies, stated that the large-scale intergenerational wealth transfer in the coming years will drive the growth of demand for cryptocurrency assets. According to research data from the US Internal Revenue Service and Fundstrat, it is expected that $1.5 trillion to $2 trillion in wealth will be transferred between generations between 2026 and 2028. Young investors who inherit wealth tend to increase their allocation of risky assets such as cryptocurrencies and stocks. In addition, Wall Street's accelerated adoption of blockchain technology for asset tokenization, the development of artificial intelligence applications, and treasury companies holding long-term encrypted assets are also driving factors for future market growth.