Vanguard Dismisses Bitcoin as Toy Despite U-Turn
Analysis
Price Impact
MedVanguard, a major financial institution, publicly dismisses bitcoin as a 'speculative collectible,' reinforcing skepticism despite recently allowing clients to trade spot bitcoin etfs due to demand. this mixed message could temper bullish sentiment.
Trustworthiness
HighThe information directly quotes vanguard's global head of quantitative equity via bloomberg, making it a credible institutional statement.
Price Direction
NeutralWhile vanguard's philosophical dismissal is a bearish sentiment, their practical decision to offer bitcoin etfs due to client demand indicates growing adoption and accessibility. the conflicting signals create a largely neutral immediate impact, potentially dampening some upside but not causing a significant downturn given the existing etf market.
Time Effect
ShortThe direct statement from vanguard could cause immediate market sentiment shifts. however, the longer-term trend of increasing institutional access via etfs might overshadow this skepticism over time.
Original Article:
Article Content:
Cover image via www.freepik.com Read U.TODAY on Google News According to Bloomberg, Vanguard’s perspective on Bitcoin remains largely skeptical despite the financial giant's recent U-turn on the leading cryptocurrency. Advertisement The firm views Bitcoin not as a productive asset but as a speculative collectible, akin to a digital version of a viral plush toy, Labubu. John Ameriks, Vanguard’s global head of quantitative equity, explained that the crypto king lacks the core characteristics that Vanguard looks for in long-term investments like income generation, compounding, and cash flow. HOT Stories BREAKING: Ripple Scores Big National Bank Win Morning Crypto Report: Bitcoin Mogul Saylor Taps JP Morgan, Satoshi Disappeared Exactly 15 Years Ago, Shiba Inu (SHIB) Denies 'Meme Coins Are Dead' Claim Ripple CTO Reacts to Solana's XRP Integration Crypto Market Prediction: Is Shiba Inu (SHIB) Dream Rally Ending? Ethereum Brutally Denied After Fakeout, Bitcoin (BTC) Not Giving up $100,000 You Might Also Like Wed, 12/03/2025 - 20:05 XRP Now Offered by Vanguard, Bitcoin Price on the Verge of 40% Crash, Dogecoin Prints 528,408% Liquidation Imbalance – Crypto News Digest By Dan Burgin Advertisement He has noted that the value of the leading cryptocurrency is primarily driven by market sentiment and speculation rather than underlying economic productivity. VanEck's U-turn As reported by U.Today , the financial giant recently allowed clients to trade spot Bitcoin ETFs on its platform. Previously, the firm had refused to support Bitcoin ETFs when they first launched in early 2024. Advertisement The U-turn reportedly happened due to growing client demand and competitive pressure. The firm does not provide advice on buying or selling cryptocurrencies and treats these products as optional vehicles for investors who wish to participate. Ameriks emphasized that Bitcoin could potentially gain practical value in very specific contexts, such as during periods of high inflation or political instability, but so far its history is too short and its price movements too volatile to support a solid investment thesis. #Bitcoin News #Vanguard