Tuesday , November 24 2020

Millennials would rather cop Bitcoin than Disney and Netflix stocks

TNW uses cookies to personalize content and ads to
make our site easier for you to use.
We do also share that information with third parties for
advertising & analytics.

Powered by

Blockchain, cryptocurrencies, and insider stories by TNW.

Boomers don’t care for any of these

According to a recently published report from investment management firm Charles Schwab, millennials invested more in Bitcoin BTC than they did in the likes of Disney or Netflix over Q3 of this year.

The figures come from the quarterly Schwab Report, which benchmarks the activity of retirement plan investors within self-directed brokerage accounts.

Schwab’s figures show that millennials (25-39 years old) hold 1.84 percent of their assets in the Grayscale Bitcoin Trust (GBTC). The GBTC is an investment product — from Digital Currency Group — that sells shares in the fund to accredited investors. The fund is managed for investors by Grayscale and trades and holds Bitcoin directly.

In comparison, millennials reportedly hold 1.58 percent of their assets in Netflix stocks and 1.68 percent in Walt Disney Co.

Gen X and Baby Boomers, on the other hand, do not appear to rate Bitcoin that highly. Grayscale’s Bitcoin investment product doesn’t feature in the top 10 equity holdings for either of these generational groups.

These elder generations tend to favor more mainstream investments in companies like Apple, Amazon, and Berkshire Hathaway — Warren Buffet‘s famed holding company.

Given the relative newness of Bitcoin, it’s not surprising that it’s more popular among younger investors, who are often considered to have a greater appetite for risk.

Published December 6, 2019 — 11:27 UTC

Thank you!

Copyright © 2006—2019.
All rights reserved.
Made with in Amsterdam.


About IT News Ug

Check Also

Warren Buffett might’ve just sold $5B worth of Apple stock

TNW uses cookies to personalize content and ads to make our site easier for you …

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.