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A generation change will increase the cryptocurrency of the US pension fund

June 3, 2020

In an interview with Cointelegraph, Ryan Radloff, the CEO of Kingdom Trust, a “crypto-friendly” financial manager Worth $ 13 billion, he said there would be a “generation change” in the US that would soon open up the pension fund industry $ 28 trillion in crypto assets.

“At the moment the addressable market The largest for Bitcoin is the $ 28 trillion pension fund the United States, “said Radloff,”There is no cheaper market for Bitcoin in any case or a digital good. ”

“All the money is on the verge of a generation change, and only today has only the Bitcoin market managed to penetrate. From a stock flow perspective, this is a big deal, because what is now?” That means unlocking a huge amount of new dollars that can come into our industry. And that’s why it’s so important. “

7.1 million Americans own BTC

Radloff predicted the first wave of capital from the retirement market to cryptocurrencies will come from 7.1 million Americans who already have Bitcoin (BTC). However, he noticed this Few cryptocurrency holders recognize this You can keep BTC in your retirement accounts.

“If the Internal Revenue Service (IRS) decided to approve Bitcoin accordingly […] it directly allowed it to be kept in pension accounts and managed by qualified custodians “

A generation change will increase the cryptocurrency of the US pension fundA generation change will increase the cryptocurrency of the US pension fund

“I think what you will see in the next three years is that the 7.1 million of us who already have BTC will wake up soon and realize that there is a way out of the Fed’s trap, the endless Keynesian cycle of making savings and printing stocks, “continued Radloff.

“What we will consider a success is that we ensure that all 7.1 million Americans who have already bought Bitcoin and have a retirement account know that they can buy Bitcoin from their retirement account in a secure and regularly approved structure. “

Conventional investors “get on better” with Bitcoin

Radloff emphasized that Bitcoin is becoming “valid” how leading economists like Paul Tudor Jones Think of it as “Good coverage against the inflationary environment”.

March, Travis Kling, Chief Investment Officer of Ikigai Asset Management, An investment company for digital assets compared Bitcoin to “Hurricane Insurance”.