Wednesday, December 11, 2019

Bitcoin Beats Netflix And Microsoft For Millennials—But Not Amazon, Apple, Tesla Or Facebook
Olleux.io

Now, a report has found Grayscale Investments Bitcoin Trust, a publicly tradable bitcoin and cryptocurrency investment vehicle, is among the top five equity holdings for Millennials, next to technology giants Amazon, Apple, Tesla and Facebook—and ahead of investor darlings Netflix and Microsoft. Getty ImagesThe Grayscale Investments Bitcoin Trust, which recorded inflows of $255 million for the third quarter, up three-fold on the previous quarter, is also more popular than stocks of Warren Buffett’s conglomerate Berkshire Hathaway, movie studio Walt Disney, and China's biggest online retailer Alibaba, according to the report from U.S.-based bank and stock brokerage Charles Schwab.

The report chimes with research out earlier this year that found there's a growing interest in bitcoin and cryptocurrency investments amongst Millennials and younger generations as they deal with the long-term effects of the global financial crisis and a lack of trust in the traditional financial services sector. Charles SchwabEarlier this year, Grayscale Investments launched a campaign called #DropGold, aiming to make "investment portfolios to reflect that bitcoin has become digital gold for today’s forward-thinking investors."

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