9 hours ago
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Key Takeaways
- Best miners produce Bitcoin at roughly $60,000 per coin.
- Average miner cost sits at $95,000, creating a $35,000 gap.
- Schwab Crypto launched with a flat 0.75% fee, zero spread.
- RIA platform rollout targets mid-2027 for $5.3T in assets.
When Bloomberg’s Tom Keene asked Ferraioli what the underlying of Bitcoin is, his answer was direct.
“Energy,” he said. “It costs money to produce Bitcoin, and our entire framework for investing in Bitcoin and cryptocurrencies comes down to miner metrics. There are energy costs and infrastructure costs associated with producing Bitcoin. In any product, theoretically, the price of a product should be at a premium to the cost of producing it.”
The framework Ferraioli describes, commented in Schwabs official website, treats Bitcoin the way a...
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