Grayscale says crypto ownership is already heavily concentrated in younger generations.

Around 45% of millennials and Gen Z reportedly own crypto, compared with just 18% among Gen X and baby boomers.

That gap matters even more in the context of the next major wealth transfer. Roughly $110 trillion in capital is expected to move from older generations to millennials and Gen Z over the coming decades.

Grayscale sees that as a structural tailwind for the crypto market - and the logic is hard to ignore.