Since falling from $9,200 on the weekend, Bitcoin price has now got stuck around $8,600. The world’s leading cryptocurrency is up over 18% YTD but down 0.17% in the past 24 hours.

Trading at $8,636 as per Coincodex, it is currently managing the daily trading volume of $473 million as per Messari, down from $1 billion on the weekend.

However, the Bitcoin forward curve paints a bullish picture. The forward curve is a graph that defines the price at which a contract for future delivery can be made today.

Trader Avi Felman shared a Twitter thread where he explains that generally the futures curve slope positively, meaning as expiries go further out prices get higher which is called Contango and the opposite is Backwardation where prices get lower.

Historically, Bitcoin futures trade at a premium to spot prices i.e. Contango. It allows one to “short the future, and go long spot, and collect the spread.” There are desks in the crypto industry dedicated to this trade alone.

Currently, Bitcoin is down 57% from its all-time high of $20,000 in 2017 while its awareness in the US grew from 77% in fall 2017 to 89% in the Spring of 2019 despite 2018 being the bear market, notes analyst Misir Mahmudov.

“The more familiar people are, the harder the FOMO will kick in. Wait until they start hearing about BTC reaching a new all-time high this bull run,” Mahmudov said.

What’s even more interesting and bullish for BTC is the millennials and $68 trillion wealth transfer.

Cameron Winklevoss, Gemini co-founder points out,

In 5 years, 70% of the work force will be millennials. Millennials understand the power of the digital gold thesis — they want software, not hardware — they want bitcoin.

— Cameron Winklevoss (@winklevoss) January 20, 2020

Though it won’t be 70%, but much closer to 40% and over 50% in Africa, a shift would be happening.

Studies have shown that these Millennials will be holding five times the wealth they hold today. The group is anticipated to inherit more than $68 trillion from their Baby Boomer parents by 2030, marking the greatest wealth transfers in modern times.

Many of the Baby Boomers have been the beneficiaries of a great economy that offered well-paying safe jobs, the meteoric rise in the stock market and substantial gains in real estate. On the other hand, post-Boomer generation has been wrestling with college debt, costly real estate, procuring a well-paying job, and the high cost of insurance.

But this unprecedented hand-off of wealth will change the fortunes of many millennials that are expected to have some ripple effects on the economy.

According to crypto industry experts, it will be bullish for Bitcoin. As Ryan Selkis of Messari points out, “If 1% of that goes into cryptocurrencies, crypto will be a multi-trillion-dollar asset class,” putting a conservative case for $50k+ bitcoin.

my new favorite thing about bitcoin is that finally the wealth transfer arrow is going from boomers to millennials*

(*until it crashes)

— Sam Altman (@sama) December 7, 2017

Millennials are already buying Bitcoin, as evident from the survey of adults familiar with cryptocurrency, 20% of millennials purchase Bitcoin in the last year.

5) In the next 25 years, baby boomers will transfer $68 trillion in wealth to millennials. Millennials are already buying bitcoin, and they will continue to buy bitcoin. In this survey of adults familiar with cryptocurrency, 20% of millennials purchased bitcoin in the past year. pic.twitter.com/n3hRR6ueH3

— Brooke R. Stoddard (@BrookeRStoddard) January 12, 2020

Also, GBTC is already among the top 5 holdings of Charles Schwab for Millennials ahead of Netflix and Microsoft.

So, as millennials take up the largest percentage of the workforce and a huge amount of wealth gets transferred, Bitcoin will be reaching the moon.

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