Charles Schwab Report: Millenials Would Rather Buy Bitcoin Than Disney & Netflix Stocks
Recently one of the world's leading investment management firms, Charles Schwab, who manages over $3 trillion USD globally, published their Quarterly Shwab Report. According to the report, millennials invested more in Bitcoin than they did in the likes of Disney, Microsoft or Netflix over Q3 of this year. (see below)
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 and holds Bitcoin directly. In comparison, millennials reportedly hold 1.68%, 1.58% and 1.53% percent of their assets in Disney, Netflix, & Microsoft stocks respectively.
The Schwab Self-Directed Brokerage Account Indicators Report which benchmarks the actitivity of retirement plan investors within self-directed brokerage accounts, is an industry-leading benchmark on retirement plan participant investment activity. The data was collected from approximately 142,000 retirement plan participants who currently have balances between $5,000 and $10 million in their Schwab Personal Choice Retirement Account.
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