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 was Schwab's CEO's stance on Bitcoin, and how has it changed?

Discuss the implications of 28% of American adults owning Bitcoin for financial service firms.