Did retail traders just panic-sell the bottom to the world’s largest asset manager? On the exact same day Bitcoin flushed to $83,000 on Bank of Japan rate hike fears, Vanguard—the $8 Trillion giant that famously blocked crypto—officially opened its platform to Bitcoin ETFs. This massive shift in market structure sent over $1 billion in volume flooding into the ETFs within minutes of the US open, signaling a potential “wealth transfer” from retail hands to institutional wallets.
In this market update, Jeremy Szafron sits down with Wendy O (Host of The O Show) to investigate whether this volatility is a trap. Wendy breaks down why retail investors feel “exhausted” and tapped out due to the current economic climate, leaving the door open for institutions to accumulate at lower levels. She analyzes BlackRock’s aggressive pivot to “Tokenization,” with Larry Fink comparing this moment to the internet in 1996, and explains why this infrastructure build-out is the real signal amidst the noise.
The conversation also covers the massive divergence between Gold—which is holding steady at $4,167—and Bitcoin, which is currently trading like a high-beta risk asset. Wendy O reveals her specific “Made in USA” strategy for 2026, advising investors to focus on assets likely to receive ETF approval and survive the coming regulatory purge.
Recorded December 2 2025
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00:00 Introduction and Market Overview
00:53 Interview with Wendy O
01:34 Vanguard’s Crypto Ban Lifted
01:53 SEC and BlackRock’s Role in Crypto
03:14 Bitcoin’s Mainstream Acceptance
04:14 Bitcoin vs Gold as Investment
07:01 MicroStrategy and Bitcoin Strategy
09:42 Tokenization and Future of Finance
13:28 Regulatory Landscape and Self Custody
20:22 Conclusion and Final Thoughts
#Bitcoin #WendyO #BlackRock #Vanguard #CryptoCrash #Altcoins #Tokenization #KitcoNews #Gold #Recession
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23 Comments
Millennials say the darndest things! WHY is fiat the place to be? We are going into debt (intentionally and not for the reasons stated) and another fiat is the answer? How does that work? Because they cannot print it but can subdivide it to virtually, to infinity (each BTC divided up to 100,000,000 x 21,000,000 = 2,100,000,000,000,000 (quadrillion). BTCs be shorted so so much for not "printing" more.
BTC the greatest PONZI in history…
Jeremy, Great you have crossed over Ty
O the dark side and give Crypto some coverage. HOWEVER, your guest is an exhaustion of nothingness.
Perhaps Get Paul Barron on, not this flake…
Xrp ledger is the key tool for tokenization and digitization
4:03 😂 cia
Crypto Liars go again…crypto is Store of Value but it is very volatile? Total BS contradiction. It is Not Store of any Value, it is just a scam.
Vanguard gets into Crypto, just join the US scam game eg Trump scam coin.
Please speak the Truth…crypto is a Scam.
Bitcoin is the biggest scam in this century.
Gold/US dollar have synergy between them in the short term??
GOLD IS GOLD, bitcoin is a poopo believed to be gold by many, its literally created to clean dirty cash and enable illegal transactions.
In the thumbnail she looks a bit like the female Joker.
Bitcoin was created by A.I.
Your most brain-dead, non-insightful guest ever.
YOU DON'T NEED TO PAY THESE COMPANIES A FEE TO PURCHASE BITCOIN! YOU CAN PURCHASE BITCOIN WITHOUT ANY OF THESE COMPANIES DUES OR FEES.
Eventually everything will be digitized. Everything will be embedded with the technology Bitcoin and the ALT coins run on. It will take some time but it will happen.
Canada launched a Bitcoin ETF Years before any ETF's were approved in the United States. The United States didn't have a choice to approve because once Canada launched the ETF other companies started applying for ETF's in Canada and they either (As I've said once I understood the technology) Get on board or get left behind.
PROSPY
The asset management companies were the first to start accumulating BITCOIN
Vanguard had been accumulating BITCOIN and ETHEREUM for years. It's not nice to not tell the truth
Love new faces on the show ☃️
Energy becomes abundant the moment its cost is measured in satoshis, not fiat.
Do I get a Nobel Peace Prize for this innovative and mathematically proven thought?
Bitcoin built by people and for the people. 🙄🤣It was made up by computer geeks for computer scam artist geeks.
How to skilfully skip uncomfortable questions and say nothing of value in so many words. Ran Neuner – more 'honest' in his answers, plus educational insights.
Bear market be careful.
Hi kitco news gold stop major correction plz invester stop I think I am not secure karachi terrirst kill me house rent jack MQM police involved British scientists system in karachi major operation system forward Donal trump president 3rd war system in karachi all sraff Alkah blees u all europe kitco staff Allah blees u Aamien by sisters brothers Shab e juma mubarak all muslim workd