Tom Lee: $1.5 Trillion to $2 Trillion Wealth Transfer Could Drive the Next Round of Crypto Market Growth

Odaily reports: Tom Lee, Chairman of Ethereum treasury company Bitmine Immersion Technologies, stated that the intergenerational wealth transfer occurring over the coming years could become a significant factor driving demand in the next round of the crypto market.

Citing data from the IRS and Fundstrat research, Lee noted that between 2026 and 2028, approximately $1.5 trillion to $2 trillion in wealth is expected to be transferred between generations. Since younger investors inheriting this wealth typically have a higher risk appetite, they may increase allocations to risk assets such as crypto assets and equities. Additionally, Wall Street's accelerating adoption of blockchain technology for asset tokenization, the development of AI applications, and treasury companies that hold crypto assets long-term could also become drivers of future market growth.

Meanwhile, Bitmine released its latest treasury data, showing it purchased an additional 12,532 ETH last week, worth approximately $32 million, bringing its total ETH holdings to 6,028,946, or about 4.9% of Ethereum's total supply. The company is still approximately 76,000 ETH short of its previously set target of holding 5% of ETH's supply. Based on its recent accumulation pace, the company is expected to reach this target within the coming weeks. Tom Lee previously stated that Bitmine will stop accumulating ETH once it reaches the 5% target. Currently, Bitmine has staked approximately 5.07 million ETH, accounting for about 84% of its holdings. Based on current yield rates, this is expected to generate approximately $336 million in annualized staking revenue. (CoinDesk)