灰度：年轻投资者加码另类资产，超100万亿美元财富转移或成为加密市场长期利好

Odaily Planet Daily News: Grayscale Director of Research Zach Pandl stated that since the 2008 global financial crisis, the global alternative assets market has grown nearly 7-fold, with investors accelerating their shift away from traditional stocks and fixed-income assets toward alternative investment areas such as private equity, private credit, hedge funds, real assets, and crypto assets.

Pandl noted that as wealth transfers between generations, the trend of allocating to alternative assets may further strengthen. A survey by Bank of America (BofA) of high-net-worth investors shows that younger investors aged 21 to 43 allocate an average of 53% of their portfolios to assets beyond traditional stocks and bonds, compared to just 26% for investors aged 44 and above.

Pandl said that over the next few years, more than $100 trillion in wealth is expected to transfer to the younger generation, and younger investors' greater preference for alternative asset allocation could provide sustained long-term capital inflows for crypto assets.

He believes that one important reason for the rapid growth of alternative assets is that investment channels are becoming more accessible. In the past, investing in alternative assets typically required professional institutions, complex infrastructure, and high entry barriers, whereas new investment products and platforms are now lowering the threshold for participation.

The development of crypto assets is following a similar trend. As Bitcoin exchange-traded products (ETPs), institutional-grade trading infrastructure, and regulatory frameworks gradually improve, investors can gain exposure to crypto assets through more familiar and compliant channels.

Pandl concluded that, in particular, the trend of younger investors continuously increasing their allocation to alternative assets could become an important long-term factor driving the continued expansion of the crypto asset class.