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📉 Vanguard Executive Calls Bitcoin Speculative 📉
Vanguard’s Global Head of Quantitative Equity, John Ameriks, has labeled Bitcoin as a purely speculative asset, comparing it to collectible toys rather than a traditional investment. 🧸🪙 According to PANews, his comments reflect Vanguard’s cautious stance toward cryptocurrencies.
However, Ameriks also acknowledged that Bitcoin may have real-world utility beyond speculation. 🌍⚖️ He noted that in cases of high inflation, currency debasement, or political instability, Bitcoin could serve as an alternative store of value.
This balanced view highlights the ongoing divide between traditional finance and crypto, as institutions continue to debate Bitcoin’s long-term role in global markets. 🚀
