“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,” Vanguard’s global head of ETF Capital Markets.”
Correct answer.
Unlike egold.
A digital currency backed by gold that the govt took down as soon as it became remotely threatening.
The timing hadn’t crossed my mind until this moment-
egold was govt destroyed almost immediately before btc arrived.
Things that make you go hmmmmmm.
Disclaimer: I own btc and fully expect to lose money as happened with egold.
“Buying gold, silver, platinum, or other precious metals is sometimes touted as a way to hedge the risks of more traditional investments. However, the prices of these metals can be extremely unpredictable and volatile.
Trading in commodities and futures is very specialized and not available through Vanguard.”
Vanguard will likely get on board within a year. This is probably Vanguard doing their Jamie Dimon impression; bash it publicly, buy it privately.