Mark Moss explains why Charles Schwab told its advisors to put 7% of risk-tolerant portfolios into Bitcoin. That single recommendation could funnel $858 billion into the market. Moss frames Bitcoin as a pure commodity with fixed supply, unlike traditional assets shaped by corporate efficiency or marketing.
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.
