So here we are, Bitcoin’s got its eye on hitting $100,000 because Charles Schwab—yeah, the giant with $10 trillion lying around—is finally dipping its toes into spot crypto trading. Who’s surprised? Nobody, really.
Schwab’s “Great Path” to Crypto Glory: Institutional Hype or Just Another Wall Street Fad?
Word on the street is Bitcoin might be gearing up for another big bull run. Why? Because Schwab, Mr. $10 trillion AUM, is getting ready to launch direct spot crypto trading. Like jumping into a pool, but the water is… digital.
At their 2025 Spring Business Update, Schwab’s CEO Rick Wurster, sounding way too optimistic to be normal, says they’re “on a great path” to offering spot trading within a year—that is, if the regulators stop playing hard to get.
Supposedly this move could flood Bitcoin and other tokens with cash. Or at least, that’s the hope. Hey, optimism is free!
Spot Crypto Trading: Schwab’s Way of Saying “We’re Not Totally Lost On This Crypto Thing”
Unlike ETFs or futures—which sound fancy but are basically Wall Street’s version of a participation trophy—spot crypto means Schwab’s clients can actually buy and sell Bitcoin and Ethereum like normal people. Retail investors, fat cats, everyone gets a slice.
They’ve been dabbling already with crypto-linked ETFs and Bitcoin futures, but now traffic to their crypto stuff blew up 400%. Seventy percent of those clicks? People who never thought they’d care about crypto. Weird times.
Wurster: “We’re hopeful and likely to be able to launch direct spot crypto in the next 12 months.” Translation: We want to be first in line so we can say ‘we told you so’ when this actually works.
Bitcoin Price Forecast: $100K or $100Kinda? Bulls Trying to Act Like They Know What’s Going On
Analysts, those poor souls, are comparing this Schwab move to the BlackRock and Fidelity ETF hype storms earlier this year. You remember the hype—it’s like crypto fireworks with all the smoke and mirrors.
Right now, Bitcoin’s flirting with $85,067, chilling a bit above the Bollinger Bands midline at $82,811—which is Wall Street-speak for “meh, looks stable for now.” It’s bouncing back from April’s “what the hell was that?” sell-off.
You see that tight candlestick cluster near the upper band at $87,659? It’s like Bitcoin’s playing hard to get before deciding whether to breakout or just take a nap.
Volume’s kinda mild at 9,670, but the Average Daily Range at 3.06 hints we’re just waiting for the market to stop holding its breath after April 9’s rollercoaster. Something’s gotta give soon.
If the bulls don’t screw it up and hold above $82,800, we could see a push towards $90,000 and maybe, just maybe, that elusive $100,000 party.
On the other hand, if Bitcoin decides to throw a tantrum and close under $82,000, well, it’s back to $78,000—the lower Bollinger Band (aka the sad zone). Ouch.
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2025-04-20 04:00