Mark Moss explains why Charles Schwab told financial advisors to put 7% of risk-tolerant portfolios into Bitcoin. That single recommendation could push $858 billion into the market, nearly a trillion dollars, if advisors follow it.
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.
