Nansen founder Alex Svanevik believes the crypto market is on the verge of an explosive few years. It’s like a tidal wave, you know, a tsunami that’s coming, he tells Magazine, pointing to the trillions of dollars in assets held by older generations about to be transferred to their heirs. I think something like $100 trillion is going to be inherited in the next 20 years or so. There are all these kinds of forces that I think just drive crypto upwards, says the Norwegian-born, Singapore-based crypto entrepreneur.
Gen Z are five times more trusting of crypto than boomers, according to a recent survey by crypto exchange OKX. Svanevik points out the younger generation will not only be inheriting cash, but also real estate, stocks, and businesses. If only 3% of those assets flow into crypto, the market could effectively double from its current $3.05 trillion market cap, with individual crypto asset prices surging far higher.
They’re going to go up way more because of how pricing works in markets, he explains. If you just think of their investment preferences, a lot of that is going to go into crypto, he says.
One reason crypto has failed to widely win over older, more skeptical investors may be that the products are not yet good enough, according to Svanevik.
Nansen founder Alex Svanevik says the crypto market is on the cusp of an explosive few years, powered by trillions of dollars in assets moving from older generations to heirs. He highlights estimates that about $100 trillion could be inherited in the next two decades, and notes that Gen Z is significantly more receptive to crypto than previous generations, per a survey by OKX. The younger cohort will inherit not only cash but also real estate, stocks, and businesses, potentially driving strong demand for digital assets.
If only 3% of those assets flow into crypto, the market could roughly double from its current $3.05 trillion market cap, with individual asset prices rising even higher due to market dynamics. Svanevik explains that pricing mechanics mean asset values respond to shifts in demand, and that much of the investment activity among the young will gravitate toward crypto as they rebalance portfolios.
He adds that the overall trend favors crypto as investment preferences tilt toward digital assets, though he acknowledges that crypto has faced headwinds in winning over older, more skeptical investors. One reason for slower adoption may be that products still need to reach a higher standard of quality to appeal to a broader audience.
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