Grayscale, as the study revealed, surpassed the traditional stock with its over-the-counter, publicly-listed fund that holds bitcoin. Under the ticker GBTC<\/a>, the fund registered profits of around 119 percent on a year-to-date basis. In comparison, Berkshire delivered a dwarfed 11 percent profit to its investors.<\/p>\n The study further noted that GBTC remained absent in the list of top 10 investments picked by boomer investors. At the same time, Berkshire made it to the reputed index alongside Apple and Amazon stocks.<\/p>\n Charles Schwab’s revelations closely followed what a survey conducted by Blockchain Capital<\/a> had found in April 2019: That 27 percent of investors aged between 18 and 34 would purchase bitcoin over traditional stocks.<\/p>\n At the same time, 40 percent of participants found bitcoin more attractive than government bonds. 22 percent of them said they would buy the cryptocurrency instead of gold.<\/p>\n Another study conducted by Adamant Capital had concluded that millennials are the key factor behind bitcoin’s growth in the last decade<\/a>. \u00a0The Texas-based investment management noted that young investors would likely remain exposed to offbeat cryptocurrencies in the long run.<\/p>\n The least talked about but most important point is that Bitcoin is part of a broader social movement catalyzed by the global macro environment, political tensions and a coming of age millennial generation. Mark\u2019s critique of the pitch is spot on imo https:\/\/t.co\/nZcNUHp33m<\/a><\/p>\n — Phil Bonello (@PhilJBonello) December 13, 2019<\/a><\/p><\/blockquote>\n![\"gbtc,](\"https:\/\/wncen.com\/wp-content\/uploads\/2019\/12\/gbtc-price-26122019-1.png?resize=860%2C635\")
<\/a>Generation Y Up for Bitcoin<\/h2>\n
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