Vanguard Dismisses Bitcoin as Toy Despite U-Turn – U.Today
According to Bloomberg, Vanguard’s perspective on Bitcoin remains largely skeptical despite the financial giant’s recent U-turn on cryptocurrency-based exchange-traded products. The firm views Bitcoin as a speculative collectible, akin to a digital version Labubu, which is a viral plush toy. John Ameriks, Vanguard’s global head of quantitative equity, explained that the crypto king lacks the...
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