Today's edition is brought to you by GlobalBanks.com - helping crypto investors & entrepreneurs navigate cross-border banking and financial services.
Video: Zero-headache “crypto cash out strategy”
GM. This is Milk Road, the crypto newsletter that's more satisfying than finding the perfect mixtape in your CD collection. Get ready to groove to the rhythm of financial success.
Here’s what we got for you today:
- ✍️ The generational wealth transfer is underway
- ✍️ The potential of Polymarket
- 🥛 PRO Portfolio Updates
- 🎙️ The Milk Road Show: How big can Polymarket get? w/ Zeneca
- 🍪 Rich Dad Poor Dad' author predicts Bitcoin to hit $10M
Prices as of 9:30AM ET. Click here for our Fear & Greed Index
THE GENERATIONAL WEALTH TRANSFER IS UNDERWAY ♻️
It’s your friendly neighborhood Milk Man, here with a fresh loaf straight from the blockchain bakery.
Today’s hot topic: Generational wealth transfer.
Spoiler alert, It’s raining dollar bills, and Gen X and Millennials are about to get soaked! 💦
As of last year, the Boomers in the US held $78.3T worth of wealth. 🤯
Here’s how it breaks down:
- Baby Boomers (Born 1946-1964): 55.93% ($78.3T in assets)
- Generation X (Born 1965-1980): 34.14% ($47.8T in assets)
- Silent Generation (Born before 1946): 12.93% ($18.1T in assets)
- Millennials (Born after 1980): 10.14% ($14.2T in assets)
And get this… according to a recent BofA report this number will grow, and over the next decade, Baby Boomers are set to pass down a whopping $84T to Gen X and Millennials
That’s right, 84 TRILLION.
Enough to buy every avocado toast and fancy latte in existence and still have change left over for a crypto binge. 🥑☕
Which begs a big question… What assets will the younger generations favor when they receive their new wealth?
Well, check out this breakdown of preferences 👇
Younger generations are all about that internet-native finance.
We’re talking about a real romance here, with 28% of folks aged 21-43 investing in crypto and digital assets.
Compare that to a measly 4% for those aged 44 and up.
Sorry, Boomers, we like our money decentralized and onchain. 💔
Doing some quick milky math here, 24% more of that dough, a massive $20.2T, could be rolling into crypto in the next 10 years resulting in an 11x from the current market cap…
So, what’s the recap?
- Wealth Transfer: Boomers will hand down $84 trillion to Gen X and Millennials over the next decade.
- Crypto Craze: Younger generations are significantly more bullish on crypto compared to their older counterparts.
- Investment Preferences: Around $20 trillion of this inherited wealth could flow into crypto, shaking up the financial landscape.
This massive influx of capital into crypto could send Bitcoin and other digital assets skyrocketing.
Imagine Bitcoin at $600K... Yeah, it’s not just a dream anymore. 💫🚀
🥛Milk Road Take: The generational wealth transfer, the financial event of our lifetime, is underway.
For crypto enthusiasts, this could mean the moon isn’t just a target; it’s the next pit stop.
So, buckle up and keep your wallets ready. The crypto train is about to leave the station once the younger generation takes over!
CRYPTO + PRIVATE BANKING = MAGIC?
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- Buy fancy homes on the French Riviera
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- Save stupid amounts of money on taxes
This is not for poor people (sorry).
GlobalBanks connects clients to banks that aren’t scared of crypto, have internal teams that like crypto clients, and bankers who get your big-picture goals.
And, they just released a video all about cashing out crypto…
It walks you through where to open, how much you need to deposit, and details you won’t hear from anyone else.
So, if you’re a crypto millionaire with fiat problems:
Watch ‘Cash Out Millions In Crypto’ Here
THE POTENTIAL OF POLYMARKET 🔥
Remember Polymarket? The prediction app that’s like sports betting, but includes everything else—like election results, stock prices, and even the weather!
Well, since we last talked to you about it, its usage has continued to skyrocket! 🤯
In fact, Polymarket’s monthly volume might just be the most bullish chart in crypto right now.
Let's break down Polymarket's hyper-growth from May to June:
- Monthly Volume: $63M to $111M (+76%) 🚀
- Monthly Active Traders: 13.2K to 29.4K (+123%) 🔥
- Monthly New Accounts: 19.5K to 35.7K (+83%) 📈
- Open Interest: $20M to $41M (+105%) 🌕
And that's not all.
Polymarket blew past their Q1 numbers (previous ATH) in Q2 with ~$213M (+63%) in trading volume, proving that their growth in the beginning of the year was not a fluke.
But, is there still room to grow? You bet! 🎰
Polymarket’s integration into mainstream media for the US election predictions shows it has clearly achieved product-market fit.
They’ve nailed it with presidential predictions, and this momentum will likely keep rolling until the November elections.
Sure, not everyone will stick around after that, but right now, tons of people are getting first hand experience as to why onchain is better than online for betting.
🥛 Milk Road Take: Onchain betting is the ultimate jackpot! 🤑
No KYC required, it's fully open-sourced, and anyone can jump in as a market maker—no house rules here!
The gambling market is a whopping $500B annually, with online gambling being a small but growing segment at $60B.
Polymarket alone has raked in $350M this year, showing massive potential to take a huge bite out of this market.
With nothing off-limits, one could argue they even have a bigger addressable market. 🤯
Plus, there’s no token yet, so you can dive in and give it a whirl.
You might find a better way to bet online and even set yourself up for a sweetfuture airdrop. 🪂
Curious about the wildest bets on Polymarket, like Taylor Swift’s engagement or alien confirmations?
Learn how to capitalize on Polymarket’s success and why it could be the next big thing in crypto by tuning into the latest episode of The Milk Road Show with Zeneca now! 🎧
YouTube | Spotify | Apple Podcasts
MILK ROAD PRO PORTFOLIO UPDATES 📊
Look! Up in the sky! It’s a bird! It’s a plane! It’s… the Milk Man sharing his latest portfolio changes.
Like clock-work, every Thursday, we’re here to share our updated list of investments from the Milk Road PRO Portfolio.
Disclosure: We are not a day trading portfolio so don’t expect a high volume of trades. Read our “how to build a crypto portfolio in 2024” report to learn more about our portfolio strategy.
Portfolio performance 📉
The Milk Road PRO portfolio saw a significant decline over the past 7 days. Our portfolio value is at $98.9K, down 9% since last week.
Portfolio changes 👀
The Milk Road PRO Portfolio is available for Milk Road PRO members only.
GO PRO AND UNLOCK:
- Full access to the Milk Road PRO Portfolio. 👆
- Our weekly reports that help you invest successfully in crypto. 💰
- Full access to our weekly bull market peak indicators. 📊
- Full access to the Milk Road PRO community. 🫂
