Investors should take a long-term bullish view on stocks, says Tom Lee from Fundstrat, as noted in an article in Business Insider. Risk-tolerant Millennials are set to boost the stock market for years to come, thanks in part to the $76 trillion of generational wealth they will inherit over the next 2 decades.

Other factors Lee identified include Baby Boomers becoming a smaller share of the wealth pool,  thereby fueling a structural shift toward Millenial asset preferences—and Millennials tend to be more risk-tolerant, especially in assets like stocks and crypto. If this shift plays out, it would be hard to be bearish, Lee argues.

Cathie Wood of ARK Invest agrees. “I do believe that both crypto and the equity markets are going to be powered by millennials,” she is quoted in the article as saying recently, citing Lee’s research.

Lee also explained that wealth inequality in the United States may not be as severe as some topline numbers suggest: with the top 20 richest Americans composing only 1.2% of total US wealth, this indicates that “America has a lot of wealth, flat out, and there are just a lot of mega-rich people,” he said.