tldr; Vanguard’s Global Head of Quantitative Equity, John Ameriks, criticized Bitcoin as a speculative ‚digital toy,‘ comparing it to a viral plush collectible, ‚Labubu.‘ He argued Bitcoin lacks the income and cash-flow characteristics sought in long-term investments. Despite this, Vanguard has opened its trading platform to spot Bitcoin ETFs but does not plan to launch its own crypto-focused ETFs or provide guidance on digital assets. Ameriks acknowledged limited scenarios where Bitcoin might show non-speculative value, such as during high inflation or political instability.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
boringtired on
Idk what a labubu is, my phone tried to auto correct it to panini so it doesn’t know either.
MVEMarJupSatUrNepPlu on
Should I sell?
BitcoinMD on
So in other words it’s awesome?
Sudden-Ad-1217 on
What the fuck?
BuzzerWhirr on
It’s stupid and pointless but we’ll still sell it to you…
Money_Bet3057 on
ETH and Ripple actually show value to them. Bitcoin is literally a popular Dogecoin. It does nothing, merely for trade and being the first. Like anything that was first, it crumbles and gets taken over by more useful assets.
Mental-Ad-1043 on
Another one of these comparisons that use something that was a flash in the pan even though bitcoin has been around for quite a while now and hasn’t gone away.
saucedonkey on
This is code for they completely understand what bitcoin is and it undermines their entire model. Not gonna be making very many commissions when people have long-term bitcoin holdings, eh.
RainCity253 on
When they tell you it’s worthless they are buying. When they tell you it’s digital gold they are selling.
Extra_Ad8616 on
A lot of cope in here, Bitcoin is actually trash and Vanguard is right 😂
restore_democracy on
Well yeah, everyone says that all the time, right?
22marks on
Someone found something new to say besides Beanie Babies and Tulips.
F-machine on
Thants an expensive Labubu
Basic-Kale3169 on
Jokes on him, I’m a Labubu bag holder.
Leynnox on
Yes it is a speculative asset, like many other assets, and? I don’t get it lol
shadowmage666 on
A vanguard exec is like “a corporate moron”
blaggerbly on
Income 🤮 cash flow 🥱
These trad fi guys need to go on another corporate development course 🤣
Free podcasts are all you need
Funny
blaggerbly on
These are the same dudes that waited a year before joining in the ETF game yeah?
Ok, I must listen to what they’ve got to say – fingers on pulses in that outfit for sure 👌
Ambitious_Nomad1 on
Soon Vanguard will buying the dip!
booyakasha_wagwaan on
are Vanguard Private Wealth Managers also talking down Bitcoin to their billionaire clients, or is this comment just for the plebs?
kaijeng on
Associating Bitcoin to Labubu is dumb
SpaceWrangler3 on
Everything is a speculative asset.
Excellent_Web2806 on
Good i don’t have any of them
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25 Kommentare
Chat, how cooked are we?
tldr; Vanguard’s Global Head of Quantitative Equity, John Ameriks, criticized Bitcoin as a speculative ‚digital toy,‘ comparing it to a viral plush collectible, ‚Labubu.‘ He argued Bitcoin lacks the income and cash-flow characteristics sought in long-term investments. Despite this, Vanguard has opened its trading platform to spot Bitcoin ETFs but does not plan to launch its own crypto-focused ETFs or provide guidance on digital assets. Ameriks acknowledged limited scenarios where Bitcoin might show non-speculative value, such as during high inflation or political instability.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Idk what a labubu is, my phone tried to auto correct it to panini so it doesn’t know either.
Should I sell?
So in other words it’s awesome?
What the fuck?
It’s stupid and pointless but we’ll still sell it to you…
ETH and Ripple actually show value to them. Bitcoin is literally a popular Dogecoin. It does nothing, merely for trade and being the first. Like anything that was first, it crumbles and gets taken over by more useful assets.
Another one of these comparisons that use something that was a flash in the pan even though bitcoin has been around for quite a while now and hasn’t gone away.
This is code for they completely understand what bitcoin is and it undermines their entire model. Not gonna be making very many commissions when people have long-term bitcoin holdings, eh.
When they tell you it’s worthless they are buying. When they tell you it’s digital gold they are selling.
A lot of cope in here, Bitcoin is actually trash and Vanguard is right 😂
Well yeah, everyone says that all the time, right?
Someone found something new to say besides Beanie Babies and Tulips.
Thants an expensive Labubu
Jokes on him, I’m a Labubu bag holder.
Yes it is a speculative asset, like many other assets, and? I don’t get it lol
A vanguard exec is like “a corporate moron”
Income 🤮 cash flow 🥱
These trad fi guys need to go on another corporate development course 🤣
Free podcasts are all you need
Funny
These are the same dudes that waited a year before joining in the ETF game yeah?
Ok, I must listen to what they’ve got to say – fingers on pulses in that outfit for sure 👌
Soon Vanguard will buying the dip!
are Vanguard Private Wealth Managers also talking down Bitcoin to their billionaire clients, or is this comment just for the plebs?
Associating Bitcoin to Labubu is dumb
Everything is a speculative asset.
Good i don’t have any of them