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Davis claims Charles Schwab CEO urges up to 7% crypto allocation

Name: Davis claims Charles Schwab CEO urges up to 7% crypto allocation
Uploaded: 2026-07-23T14:16:00+00:00
Description: Lark Davis tells viewers that Charles Schwab’s chief executive, speaking on Bloomberg, said the firm’s clients are “heavily invested” in bitcoin and crypto and that Schwab needs to offer BTC. Davis further claims the CEO recommended allocations of “up to 7%”, presenting it as evidence that large wealth platforms are normalising crypto exposure.

Lark Davis · They’re Done Pretending (crypto holders it’s happening) · July 23, 2026

Lark Davis

They’re Done Pretending (crypto holders it’s happening)

"Charles Schwab CEO just said live on Bloomberg. Clients are now heavily invested in Bitcoin and crypto. It's important for us to be able to offer BTC to our clients. Charles Schwab is recommending up to 7% allocations."

Lark Davis tells viewers that Charles Schwab’s chief executive, speaking on Bloomberg, said the firm’s clients are “heavily invested” in bitcoin and crypto and that Schwab needs to offer BTC. Davis further claims the CEO recommended allocations of “up to 7%”, presenting it as evidence that large wealth platforms are normalising crypto exposure.

About this episode

Lark Davis frames the current crypto downturn as fundamentally different from 2022, arguing that the earlier bear market was driven by cascading industry failures (including Terra/Luna, Three Arrows Capital, lender collapses and FTX) alongside aggressive rate hikes. He pivots to US policy, claiming momentum is building around the ‘Clarity Act’ crypto market-structure bill, and argues that an ethics provision backed by Donald Trump is helping the legislation move ahead; he also alleges Trump has already profited heavily from crypto.

Davis cites pro-passage statements he attributes to industry figures and financial institutions, saying even large banks now want clear rules. He then runs through market indicators: bitcoin ETF flows, sentiment metrics, and technical levels around key moving averages, while noting he is not currently long or short BTC. He spotlights ethereum ETF inflows as significant on a market-cap-adjusted basis and outlines his ETH technical thesis around a double-bottom target.

The episode also covers on-chain trends, including Davis’s claim that ‘Robin Hood chain’ has surpassed Base on revenue and fees, and a forthcoming Uniswap-related vote he says could change fee-burning dynamics. He comments on Pump.fun and Hyperliquid revenue dominance, flags geopolitical and oil-related risks, and briefly discusses ServiceNow’s positioning around enterprise AI agents and earnings results. A substantial mid-episode segment is dedicated to exchange promotion, giveaways and subscription upsells.

Key takeaways

Davis argues the current bear market differs from 2022’s collapse-driven downturn and rate-hike shock.
He claims the US ‘Clarity Act’ is advancing, and alleges Trump-backed ethics language is enabling progress.
He reports modest bitcoin ETF inflows and discusses sentiment and MVRV as potential cyclical indicators.
He says ethereum ETF inflows are large relative to ETH’s market cap and interprets that as Wall Street accumulation.
He claims ‘Robin Hood chain’ has overtaken Base on fee and revenue metrics, and points to a Uniswap-related vote ending 26 July.
He flags geopolitical risk in the Red Sea and suggests oil-price volatility could affect inflation and rates.
He relays ServiceNow CEO claims about AI-agent economics and highlights the company’s earnings beat.