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Vanguard is hiring a Head of Digital Assets to develop strategy for crypto, tokenization, stablecoins, and digital wallets, signaling a shift from its past skepticism. Bennett interprets this as capitulation to Bitcoin's permanence, not an imminent product launch.
US spot ETFs sold 120,000 Bitcoin over two months, pushing Coinbase premium negative. Mallers argues this proves 'plebs' hold the line, not ETFs or treasury companies.
Jake is a Bitcoin maximalist. He sees Bitcoin treasury companies as a place for regulated capital and is skeptical of their safety, while he views ETFs and crypto exchanges as inferior.
Carl suggests a BIP 110 fork could offer a 'dividend' to Bitcoin holders, but cautions that retail investors might be 'dumped on' by early adopters and proponents of the new coin.
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