The Charles Schwab’s Schwab Self-Directed Brokerage Account (SDBA) Indicators™ had posted Key Schwab Observations for the Third Quarter 2019. As per the Thursday report, Millennial trust Bitcoin shares more than Netflix, Alibaba, and Microsoft. Millennials and Gen X have similar liking towards Cash. However, Millennials allocate more to ETFs and Cash Than Gen X.
Grayscale Bitcoin Trust (GBTC) ranks fourth highest in the percentage of assets stored equities across the millennial generation as per the SDBA report. GBTC held 1.83% assets in the total equity as compared to Netflix (1.58%), Microsoft Corp. (1.53%) and Alibaba Group Holdings (1.39%). However, the interest in BTC is nowhere near what it is for Amazon and Apple.
It is interesting to note that Grayscale Bitcoin Trust on the rise despite a 60% drop in BTC. Moreover, GBTC holdings have steadily grown through 2019 with a current price of $1.5 billion.
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Crypto Versus Cryptocurrency
As per the web analysis, Google users prefer to search the term “crypto” over “cryptocurrency”. Moreover, there are only a few nations that still prefer to search the “cryptocurrency” term, wherein India, Malaysia, Kenya, and Nigeria are among this group. Probably, it is because of the fact that many find typing eight more letters hideously laborious.