Vanguard Exec Says Bitcoin Is Like 'A Digital Labubu'

Bitcoin (CRYPTO: BTC) returned to the center of Wall Street's credibility debate after a senior Vanguard executive dismissed the asset as a speculative "digital toy." Vanguard Executive Doubles Down On Bitcoin Skepticism Vanguard Group Global Head of Quantitative Equity John Ameriks said Bitcoin lacks the income, compounding, and cash-flow characteristics the firm seeks in long-term investments. Speaking at Bloomberg's ETFs in Depth conference in New York on Thursday, Ameriks compared Bitcoin to a viral p ...