Vanguard Executive Likens Bitcoin to a ‘Digital Labubu’ Despite Firm’s Major Crypto ETF Pivot
A senior executive at Vanguard, John Ameriks, the global head of quantitative equity, expressed deep skepticism toward Bitcoin, comparing the cryptocurrency to a “digital Labubu”—a speculative collectible toy. He argued that Bitcoin lacks the cash flow and compounding characteristics that Vanguard seeks in long-term investments, stating there is no clear evidence that the underlying blockchain … Read more