Vanguard Exec Calls Bitcoin a ‘Digital Labubu’ Even as Firm Opens ETF Trading Access
Vanguard’s global head of quantitative equity, John Ameriks, said bitcoin BTC$90,378.26 still resembles a speculative collectible more than an asset meant to build long-term wealth, comparing it to a “digital Labubu,” the plush toy that has become a popular collectible. Ameriks’ words came during Bloomberg’s ETFs in Depth conference in New York on Thursday, where...
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