GM to all of you nutcases. It’s Crypto Nutshell #863 droppin' the mic…🎙️🥜

We're the crypto newsletter that's more unsettling than a village where everyone smiles and nobody ever leaves… 🌸😶

What we’ve cooked up for you today…

What’s in the Crypto Nutshell Portfolio?

BREAKING: Charles Schwab to roll out spot Bitcoin, Ether trading for retail clients

Two weeks ago, Schwab opened a waitlist.

Now it's finally here.

Charles Schwab just announced Schwab Crypto, a spot trading platform for Bitcoin and Ethereum that will begin rolling out to retail clients in the coming weeks.

This is the same firm that called crypto "purely speculative" in 2019.

It now manages $12.2 trillion in client assets across 39 million brokerage accounts.

And it's putting Bitcoin and Ethereum trading directly alongside stocks, bonds, and ETFs on its web, mobile, and Thinkorswim platforms.

The fee is 0.75% per trade…

That's cheaper than Fidelity's 1% but higher than crypto-native exchanges like Kraken, where fees start around 0.25%.

For Schwab's audience, convenience and trust likely matter more than shaving basis points.

However. there are some limits at launch.

No deposits or withdrawals of crypto. No service in New York or Louisiana. And only Bitcoin and Ethereum to start, with more assets and transfer features planned down the line.

And as you know, Schwab isn’t an outlier.

It's part of a larger tradFi wave.

Morgan Stanley launched its spot Bitcoin ETF last week and pulled in over $100 million in six trading days.

Its head of digital assets, Amy Oldenburg, said crypto is becoming "part of daily business operations" across the firm.

Goldman Sachs filed for a Bitcoin income ETF days ago. All three are building full crypto product lines, not side experiments.

And the convergence is running both ways. While traditional firms push into crypto, crypto-native platforms are moving into stocks.

Coinbase launched equity trading in January. Kraken followed this week.

The walls between traditional finance and crypto are dissappearing.

Schwab's 39 million clients just got a new button on their dashboard. And that matters more than most headlines this month. 🚀

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Grant Cardone just made one of the most honest Bitcoin bull cases you'll hear from a real estate billionaire.

Cardone is the founder of Cardone Capital, one of the largest private real estate firms in the United States, with over $4 billion in assets under management across multi-family properties.

He's built his entire empire on hard assets. He has no reason to shill Bitcoin. He doesn't need the attention.

And yet, on his latest appearance on the Iced Coffee Hour podcast, he laid out exactly why Bitcoin now makes up 7% of his personal portfolio.

The first thing he said? Nobody is going back to gold.

That's the tell. A guy running billions in real estate, doing thousands of transactions, and the only digital or alternative currency people have ever tried to pay him in is Bitcoin. Not gold. Not silver. Bitcoin.

Then he framed it the way only a real estate guy could.

Cardone compared Bitcoin directly to real estate. Both are stores of value. Both hedge against inflation. Both go up as the dollar gets debased. But Bitcoin has one advantage that real estate can't match.

No maintenance. No management. No overhead. Just exposure to a monetary asset that gets harder to print more of every single day.

And his view on the "Bitcoin is failing because gold is winning" narrative? He's not buying it.

He sees gold's rally as baby boomers running scared.

They've been conditioned for 60 years to see gold as the ultimate safe haven. But the next generation isn't buying gold. They're buying Bitcoin.

And the math on adoption only moves one way from here.

Then he closed with the line that should make every skeptic pause:

A real estate billionaire with 7% allocated to Bitcoin isn't a coincidence. It's a signal. The smart money is quietly positioning in an asset they believe will eventually surpass the oldest store of value on earth.

And they're doing it while most retail investors are sitting on the sidelines waiting for a lower price. 🏗️

Today we’ll be taking a look at the amount of wallets that hold at least some Bitcoin. (anything greater than 0)

This metric offers a bird’s-eye view of user activity and adoption across the Bitcoin network.

But there’s a slight catch…

One wallet does not equal one user. A user can have many wallets.

What matters here is the trend of the chart.

58,790,748.

That's how many wallets now hold at least some Bitcoin. Up 157,602 in the last two weeks - roughly 11,250 new holders every single day.

Let's put that in perspective…

Over the course of this drawdown - the fear, the capitulation, the endless bearish headlines - the Bitcoin network has done nothing but expand.

Not once has the holder count contracted. Not a single two-week period this year has shown a decline.

And the people showing up now aren't chasing a pump. They're making a deliberate choice to buy an asset that most of the market has written off in the short term.

That tells you something about who these buyers are. They're not here for the trade. They're here for the thesis.

Nearly 59 million wallets. Growing every day. Through the worst sentiment stretch of the cycle.

The price chart can stay ugly as long as it wants. The network underneath it tells a completely different story. 💪

Tennessee Senate Committee To Weigh State Bitcoin Reserve Next Week. Tennessee lawmakers will take a fresh look at a proposal to create a state Bitcoin reserve next Tuesday, April 21.

Drift gets $148 million rescue fund and Tether will replace Circle's USDC for settlement after massive exploit. The money will be used by Drift to recover user funds after more than $270 million in funds were exploited this month, and will relaunch Drift as a USDT-based perpetuals DEX on Solana.

World Liberty Faces Backlash Over Token Unlock Plan. Investors in the Trump-founded World Liberty Financial have criticized the platform over a proposal to lock up early investor tokens for up to an additional four years.

‘This is nuts’: CFTC chair Selig grilled by lawmakers on prediction markets, Hyperliquid, and staffing. Top Democrat of the committee, Rep. Angie Craig, raised concern over the agency’s ability to police prediction markets, given that it may not have enough enforcement staff.

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Because what would the crypto world be without its share of memes?

Trivia Answer: 4. 🥳

The four halvings occurred in November 2012, July 2016, May 2020, and April 2024, reducing the block reward from the original 50 BTC down to the current 3.125 BTC. The next halving is expected around 2028.

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DISCLAIMER: The content of this newsletter is not financial advice. This newsletter is strictly educational and is not investment advice. Please be careful and do your own research.