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NEWS BYTES by Bitcoin.com 5/23/2024 Fred Ehrsam Predicts Future Crypto Growth Driven by Demographic Shifts

In a recent social media post, Fred Ehrsam, co-founder of Coinbase and crypto investment firm Paradigm, predicts that the cryptocurrency market will continue to gain momentum due to the growing influence of younger generations. He points out that ownership of crypto assets is currently highest among the 18-45 age group, with a significant drop-off after the age of 65. Similarly, politicians and policymakers who support or oppose crypto holdings follow a similar demographic trend. Ehrsam believes that as these young supporters grow in wealth and political power, the demand for and acceptance of cryptocurrency will only increase, driving its continued growth and adoption.