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I just found out that Schwab is seriously getting into Bitcoin. I mean, the company that manages about $138 billion in assets now wants you to buy cryptocurrencies directly on their platform. It still surprises me that such a traditional institution is willing to do this.
The idea is that you can buy and sell Bitcoin without having to go somewhere else. Basically, they’re bringing Bitcoin services directly to their app, so if you already have an account with them, you would simply start trading crypto from there. It’s not complicated in theory.
The question is whether it will really work or if it’s just another attempt by traditional banks to not fall behind. Still, Schwab offering Bitcoin is a good indicator that this is already mainstream, right? What do you all think, are you willing to try?