Schwab's Crypto Strategy Takes Shape as Wall Street Institutions Pile In
Wall Street's crypto interests are becoming more defined, thanks to Charles Schwab's director of global equity research, Adam Lynch. In a recent appearance, Lynch laid out the firm's thinking on digital assets, highlighting five key players: Bitcoin, Ethereum, Solana, XRP, and Hyperliquid.
Lynch framed Bitcoin as the classic debasement hedge, an asset that investors turn to when concerned about fiat currency devaluation. He also noted that Ethereum carries functional utility, but still fits into the broader debasement narrative.
Schwab is expanding its crypto trading platform beyond Bitcoin and Ethereum access, adding Solana, Avalanche, and Chainlink. Grayscale Research has pointed out that Bitcoin, Ethereum, and Zcash are likely to benefit from what it calls the 'debasement trade', tied to US national debt surpassing $40 trillion.
Separately, Solana validators have doubled the network's disinflation rate to 30%, reducing planned SOL issuance by close to 20 million tokens over the next six years. This structural bullish shift is widely seen as positive for the token's long-term valuation.