Mark Moss argues Bitcoin should be treated as a commodity with fixed supply. Charles Schwab told financial advisors to allocate 7% of risk-tolerant portfolios to Bitcoin, a move that could funnel $858 billion into the market.
Commodities are easier because all I have to know is supply and demand. But with Bitcoin, the supply is fixed. There's no company, right? There's no operating efficiency. There's no marketing company that's going to do some weird deal, whatever. So it's a commodity. This week we saw Charles Schwab, one of the largest money managers in, in the world, in the US. They're telling their financial advisors that for people with— so, you know, when you go through a financial advisor, you sort of pick like high risk or no risk kind of portfolio. For their portfolios that have risk, they should have a 7% allocation to Bitcoin. 7%. That's what they said. Just that alone will bring $858 billion into Bitcoin. Almost a trillion dollars. Just that, just that one deal.
