The demand for baby boomers generates most of the growth for San Francisco’s Bitcoin (BTC) broker River Financial.

The Paul Tudor Jones effect

Most surveys conclude that younger generations are more reciprocal with Bitcoin, which makes this data seem unintuitive. Alex Leishman, co-founder and CEO of the company, said this to Bloomberg Bitcoin is becoming a larger company and many investors are following in the footsteps of Paul Tudor Jones.

The older generations have all the money

77% of the Bitcoin volume is generated by the “boomers” of this Bitcoin broker77% of the Bitcoin volume is generated by the “boomers” of this Bitcoin broker

Many analysts have noticed this year that institutional interest in Bitcoin is increasing and only grayscale is absorbing much of the newly reduced offer.

Age distribution of wealth in the United States

Age distribution of wealth in the United States Source: DQYDJ

While a high level of cryptocurrency from millennials is a good sign of the future of the industry, the key to adding value to assets could be acceptance by older generations. The budgets of this older group have on average 10-30 times more wealth than the millennial population group. If the data reported by River Financial points to the entire industry, it can make sense to expect positive dynamics in the crypto markets.