Millennials adopt to agree Bitcoin (BTC) equity than invest in some of the globe'due south best-known companies, surprising new information reveals.

In a report originally released in November, Charles Schwab, one of the Us' 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 than equity Millennials held in Berkshire Hathaway, Netflix, Disney Corp., and even Microsoft and Alibaba.

Past contrast, Grayscale did not effigy in the top choices of Generation X and Baby Boomer investors. Apple tree constituted the about 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."

Twitter responses further alluded to the incoming transfer of wealth to Millennials from their predecessors. Every bit Cointelegraph reported, the inheritance total could near $lxx trillion, which would fall into the hands of those much more likely to expose their wealth to Bitcoin.

$x,000 returns to BTC market

GBTC itself meanwhile currently trades with an implied BTC/USD price above $10,000, something, which information technology last achieved on Jan. 7 and previously in mid-November.

Historical price data for GBTC

Historical toll data for GBTC. Source: Grayscale

The premium for GBTC now stands at almost eight%, reflecting a common assumption that institutional involvement overall in Bitcoin is growing.

At the same fourth dimension, commentators predict a decrease in the premium occurring in sync with the 12-month timeout for 2 specific trading weeks last year.

Uploading a chart from Grayscale's annual Digital Asset Investment Report, Coinmetrics.io co-founder and Castle Island Ventures partner Nic Carter forecast earlier this month:

"I'd be willing to bet that the GBTC premium will exist crushed to single digits on the week of July 15, 2020, and October 21, 2020."

GBTC weekly investment tallies for 2019

GBTC weekly investment tallies for 2019. Source: Grayscale