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Keeping up with the recent theme of inflows into crypto isn’t difficult at the moment. Today, it’s Grayscale’s turn to dazzle us with another record quarterly update. During Q3, Grayscale raised over $1B of capital — with 81% coming from institutional investors.

It’s a great headline, which was accompanied by a great soundbite.

“Approximately $68.5 trillion in assets are expected to be handed down from Baby Boomers to Gen X and Millennials in the next 25 years, AND multiple studies show these younger generations are much more likely to invest in digital currencies. The math on that one isn’t hard!”

It seems like our work here is done.

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As is the way with news, however, it doesn’t quite paint the whole picture. You could be forgiven for thinking $1B of paper USD just made its way into Bitcoin — it didn’t. A large portion of that inflow was actually placed into the Bitcoin Fund, in Bitcoin (that’s a story for another day).

As for the Baby Boomers leaving behind $68.5T worth of assets, hopefully, that is still someway off in the future, and by the time that cash starts heading into Bitcoin, the $1 vs 0.000088BTC exchange rate may have a couple more zeros in front of the 8's.

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