Baby boomers next to jump into crypto, Galaxy Digital's Novogratz predicts

FILE PHOTO: The exchange rates and logos of Bitcoin (BTH), Ether (ETH), Litecoin (LTC) and Monero (XMR) are seen on the display of a cryptocurrency ATM of blockchain payment service provider Bity at the House of Satochi bitcoin and blockchain shop in Zurich, Switzerland March 4, 2021. REUTERS/Arnd Wiegmann/File Photo

LONDON (Reuters) - Wealthy baby boomers will be the next generation to jump into cryptocurrencies as they become more mainstream, potentially bringing billions of dollars to the rallying sector, said Mike Novogratz, founder of crypto firm Galaxy Digital.

"It could be as much as a trillion dollars comes over the next year from that giant group of wealth," said Novogratz, who used to run hedge funds for investment giant Fortress, in an interview at Reuters Digital Assets Week.