Keeping Eye on Vanguard Entering Crypto Space: Crucible Capital's Demirors

The transcript discusses the criticism of buying Bitcoin with leverage, highlighting MicroStrategy's significant role in Bitcoin trading due to its deep options book. It also explores the growing interest of institutional investors in the crypto market, mentioning Schwab and Vanguard's potential involvement. The conversation emphasizes the responsibility of asset managers to offer Bitcoin products as demand grows, noting that Bitcoin is now a consensus investment rather than a contrarian one.

What is one of the main criticisms of buying Bitcoin with leverage?

• It is too expensive.

• It lacks direct control over the asset.

• It is not a popular strategy.

• It is not available to institutional investors.

Why might institutional investors prefer MicroStrategy over a Bitcoin ETF?

• Bitcoin ETFs are illegal.

• MicroStrategy offers a deeper options book.

• Bitcoin ETFs have higher fees.

• MicroStrategy is cheaper.

What recent change has Schwab's CEO made regarding Bitcoin?

• He has launched a new Bitcoin ETF.

• He has banned Bitcoin trading on Schwab platforms.

• He has expressed regret for not investing earlier.

• He has started investing in Bitcoin.

What percentage of American adults own Bitcoin, according to the transcript?

• 75%

• 10%

• 28%

• 50%

What is the current perception of Bitcoin as an investment, according to the transcript?

• It is still considered a high-risk investment.

• It is seen as a contrarian investment.

• It is now viewed as a consensus investment.

• It is no longer considered a viable investment.