Home
News
Details

Vanguard Executive Compares Bitcoin to 'Digital Labubu', Citing Lack of Long-Term Investment Value

iconChainthink
Share
Share IconShare IconShare IconShare IconShare IconShare IconCopy
This is the logo of the coin.
BTC
$88,306.600%
This is the logo of the coin.
ETH
$2,993.050.28%
This is the logo of the coin.
XRP
$1.91497-0.59%
This is the logo of the coin.
SOL
$125.59-0.61%
Vanguard’s John Ameriks called Bitcoin a 'digital Labubu,' saying it lacks the cash flow and compounding needed for a good investment. The firm now allows clients to trade crypto ETFs, including Bitcoin and Ethereum. Ameriks stressed that blockchain’s long-term value remains unproven. Vanguard does not offer guidance on specific tokens.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.