Charles Schwab's move into internal Bitcoin trading marks an important step towards its public launch, which is expected to occur in the coming weeks. The brokerage, which manages over $12 trillion in assets, has already begun allowing employees to trade Bitcoin.
The market reaction to this development is significant, with a 38% likelihood of Bitcoin reaching $100,000 by December 31, 2026. This represents a rise from 34% just a week ago and underscores the growing confidence in cryptocurrency among investors.