RATE Group | Millennials Prefer Bitcoin to Alibaba, Netflix Stock as GBTC Hits $10K
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Millennials Prefer Bitcoin to Alibaba, Netflix Stock as GBTC Hits $10K

29 Jan Millennials Prefer Bitcoin to Alibaba, Netflix Stock as GBTC Hits $10K

Posted at 13:45h in Bitcoin News by

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Millennials prefer to hold Bitcoin (BTC) equity than invest in some of the world’s best-known companies, surprising new data reveals. 

In a report originally released in November, Charles Schwab, one of the United States’ biggest brokerage firms, shed new light on the increasingly pro-Bitcoin stance of Millennials compared to previous generations. 

GBTC makes inroads at Charles Schwab

1.84% of assets held as equity with Schwab are for the Grayscale Bitcoin Trust (GBTC), a Bitcoin investment vehicle that saw record participation in 2019. 

This is more than equity Millennials held in Berkshire Hathaway, Netflix, Disney Corp., and even Microsoft and Alibaba.

By contrast, Grayscale did not figure in the top choices of Generation X and Baby Boomer investors. Apple constituted the most popular overall equity holding across all three cohorts.

Reacting to Grayscale, Whittemore crypto marketing firm founder, Nathaniel Whittemore, described the company’s progress as “crazy.”

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