Schwab Enters Bitcoin | Bitcoin ETFs, Self-Custody & Tesla | Oct. 16, 2026

Charles Schwab is moving toward a Bitcoin ETF, and the Bitcoin Today room digs into what it means for holders, advisors and the price. Loren and Terence host today's live Bitcoin Today Space with the community, including Aztec, Natalie, Michael, Omar and more.

Today on Bitcoin Today, the conversation opens with the community catching up and what the room is watching on a big conference day. Then the Tesla Roadster and Cybertruck debate takes over, with the panel split on whether the launch hype is real. Along the way: Elon, politics and why polarization keeps people arguing.

Then we turn to Bitcoin. The big news is Schwab and its RIA platform. The panel talks about Bitcoin ETFs, whether ETF selling pressure matters, how Bitcoin differs from an S&P 500 ETF because there can only ever be 21 million, and why more ETF adoption makes self-custody and multi-sig conversations more important, not less. We close out with spend and replace thinking, and the long game for Bitcoin.

Searching for daily Bitcoin news, Schwab Bitcoin ETF, Bitcoin ETFs, RIA platforms, self-custody, multi-sig, Tesla Roadster or Elon? This episode covers it in a live, unscripted community conversation recorded Friday morning PT.

CHAPTERS
00:00 Intro: live from Bitcoin Alpha in Santa Monica
02:31 The Bitcoin-mining wristwatch
05:01 Markets: Korea and Indonesia selloff, hyperscalers getting waxed
15:03 The Schwab news is bullish
17:45 Tesla talk: the Roadster reveal
22:35 The Roadster is something completely different
25:51 Fight: Roadster production vs publicity stunt
28:49 Garage talk: 911 GT3 RS and Ferraris
30:00 Cybertruck vs the Porsche
35:02 The Elon politics debate
39:05 Cheering on the builder despite the politics
45:02 Will the Roadster ever be street legal
48:41 Skepticism for anyone with that much power
50:03 Conference sessions and the Tesla event recap
56:06 Schwab going in is the only thing you need to know
57:11 You can already buy every Bitcoin ETF inside Schwab
58:33 Active vs passive: what is destroying our markets
1:00:42 Did the ETFs move Bitcoin's price up or down
1:01:26 The 2022 drawdown: 70 to 75 percent before ETFs
1:02:32 Paper-handed ETF holders in the next risk-off
1:04:40 The 21 million rebuttal: you cannot make more of it
1:06:30 Compressed spring: paper Bitcoin vs spot Bitcoin
1:10:07 Why Schwab's ETF is bullish: the RIA pitch machine
1:12:35 Fee-based RIAs and Schwab's internal marketing
1:13:23 1000 percent multi-sig: IBIT is not Bitcoin
1:14:18 As ETFs grow, self-custody conversations matter more
1:16:05 In-kind redemptions: can institutions withdraw
1:18:45 On the ground at Bitcoin Alpha
1:21:00 Bitcoin ADRs: American depository receipts
1:22:33 Separate self-custody from spending Bitcoin
1:26:47 Self-custody as a forward market indicator
1:28:04 Winding down: doing the best with what we have
1:30:03 Outro

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