Jackson: In Vanguard’s view, crypto is more of a speculation than an investment. This is at the root of our decision to not offer crypto products, whether our own or others. With equities, you own a share of a company that produces goods or services, and many also pay dividends. With bonds, you get a stream of interest payments. Commodities are real assets that meet consumption needs, have inflation-hedging properties, and can play a role in certain portfolios. While crypto has been classified as a commodity, it’s an immature asset class that has little history, no inherent economic value, no cash flow, and can create havoc within a portfolio.
I see it just as they explained it.
Thanks for that.
They’re replacing a Vanguard CEO who rejected Bitcoin.
BOA announced the USG is adding 1T in debt every 90 to 100 days. Gold has lost 40% of its invested value over last 10 years.
DCG has dumped their last turd. Greyscale dumped 1/2B Friday. They have dumped 1/3 or 9B in BTC.
The markets are absorbing it all. The over the counter desks/exchanges have actually at different points in time, and no drop in BT. Value.
All the people saying it will drop don’t have it. Some are waiting for it to drop.
BTC is rising.