Vanguard Executive Compares Bitcoin To A ‘Digital Labubu’ Even As Firm Allows Client Access To Crypto ETFs ⋆ ZyCrypto
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A senior Vanguard executive has asserted that Bitcoin is a purely speculative asset, likening it to a collectible toy, even as the Wall Street behemoth opened the door to crypto-tied exchange-traded funds.
Bitcoin Is No Better Than A Plush Toy: Vanguard Analyst
Speaking during Bloomberg’s ETFs in Depth conference in New York on Thursday, Vanguard’s global head of quantitative equity, John Ameriks, said that Bitcoin lacked the cash flow and compounding traits the company sought when evaluating long-term investments.
According to Ameriks, Bitcoin still resembles a speculative collectible rather than an asset meant to build long-term wealth. In fact, he characterized…
