In terms of equity holding at American bank and stock brokerage Charles Schwab Corporation, Greyscale Bitcoin is ahead of a number of big-name stocks like Netflix, Alibaba, Microsoft among others, Schwab report for December 2019 has said.
In an illustration published by crypto enthusiast Nathaniel Whittemore, it became clear that Greyscale Bitcoin (GBTC) was among top ten in terms of percentage of assets held in equity at Charles Schwab Corporation.
Aside from ranking among top 10, the digital currency investment product was ahead of Berkshire Hathaway, Disney, Netflix Inc, Microsoft and Alibaba in the report. This is in regards to the percentage of assets held by the Generation X.
Bitcoin took the fifth position after FACEBOOK Inc, TESLA Inc, APPLE Inc and AMAZON.com Inc. The king of all crypto assets presented a percentage holding of 1.84% among the millennials while the likes of Berkshire Hathaway, Disney, Netflix Inc, Microsoft and Alibaba recorded lesser values.
Image Credit: Schwab.com
Nevertheless, the result affirmed the fact that Bitcoin is majorly held by the millennials rather than the Baby Bombers. Among the Baby Bombers, Bitcoin could not find a position in the top ten.
The likes of Warren Buffett, Charlie Munger, Bill Gates are among billionaire Baby Bombers that have shown their dismay toward Bitcoin. Although Bill Gate earlier supported Bitcoin in 2014, the Microsoft founder later criticized the anonymity of cryptocurrencies like Bitcoin.
Even though the majority boom generations are yet to be convinced that Bitcoin is an asset worth investing in, the fact that the crypto investment product ranked among top ten assets holding among millennials on Charles Schwab is an indication that Bitcoin adoption is growing steadily.
Bitfinex to Freeze $860,000 in Bitcoin after Court Order
A British court residing in the United Kingdom has asked Bitfinex to freeze $860,000 worth of Bitcoin as evidences from Chainalysis and the exchange proved that the funds are linked to a ransomware payment
The court ordered Bitfinex to share the culprit’s know-your-customer (KYC) information and freeze the address.
The victim paid $950,000 in bitcoin to the culprit through an insurance company, the England and Wales High Court (Commercial Court) stated in a filing published last week. After some portion of the cryptocurrency was changed into fiat, the balance was sent to an address on Bitfinex exchange platform.