Bitcoin’s Shocking Label: Why Vanguard Calls It a Speculative Digital Toy

BitcoinWorld Bitcoin’s Shocking Label: Why Vanguard Calls It a Speculative Digital Toy In a move that has sent shockwaves through the crypto community, investment giant Vanguard has made a stunning declaration. Despite recently opening its platform to cryptocurrency ETFs, the firm has labeled Bitcoin a ‘speculative digital toy.’ This contradictory stance raises critical questions for every investor watching the digital asset space. What does this mean for the future of Bitcoin and its place in a traditional portfolio? Let’s unpack the details and the profound implications. What Did Vanguard Actually Say About Bitcoin? Global asset manager Vanguard, known for its conservative, long-term investment philosophy, made headlines this month. The firm began allowing trades of spot Bitcoin ETFs and some crypto-related funds on its brokerage platform. However, almost simultaneously, a spokesperson for the company delivered a blunt assessment. They described Bitcoin not as a revolutionary asset class, but as a ‘...

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