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Speaker 1: Vanguard, the giant of index fund investing and a firm that spent years refusing to touch

2
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Speaker 1: Bitcoin, opened its platform to the Spot Bitcoin Funds last December, and it has more than

3
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Speaker 1: 50 million brokerage customers and over $11 trillion. In a Bank of America's Merrill,

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Speaker 1: advisors can now recommend putting 1 % to 4 % of a client's portfolio in Bitcoin,

5
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Speaker 1: retirement accounts included, with no minimum net worth. If you just put Schwamm and

6
00:00:23,440 --> 00:00:28,800
Speaker 1: Vanguard together, that's roughly $24 trillion in client assets that now sits one click

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Speaker 1: away from Bitcoin. If Schwa's clients put 1 % of their assets into Bitcoin, the low end of

8
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Speaker 1: what Merrill's advisors can now recommend, that's $133 billion. That's roughly 47 times the

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Speaker 1: entire forced sale of strategy stock, which, to remind you again, is lower than one day of

10
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Speaker 1: strategy's volume. Coming from one brokerage at the most conservative allocation on the

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Speaker 1: table.