Senior Vanguard analyst says Bitcoin is no better than a plush toy
Analysis
Price Impact
HighWhile one senior analyst expresses skepticism about bitcoin's inherent value, vanguard's policy change to allow its 50 million clients to trade crypto etfs is a significant development. this opens a substantial new channel for capital inflow into the digital asset market, providing immense exposure and potential demand.
Trustworthiness
HighThe article quotes a senior analyst directly from a bloomberg conference and reports on a confirmed, verifiable policy change by vanguard, a major asset management company. the information is sourced from cointelegraph.
Price Direction
BullishDespite the analyst's personal dismissal of bitcoin as a 'plush toy', the institutional action by vanguard providing access to crypto etfs for 50 million clients is fundamentally bullish. increased accessibility and potential capital inflows from such a large client base are strong positive drivers for bitcoin's price.
Time Effect
LongThe full impact of 50 million clients gaining access to crypto etfs will not be instantaneous. it will likely manifest as a gradual and sustained increase in capital flowing into the market over an extended period, reflecting a long-term bullish trend.
Original Article:
Article Content:
Vince Quill 3 minutes ago Senior Vanguard analyst says Bitcoin is no better than a plush toy The comments followed the asset management company’s policy change allowing its clients to trade crypto exchange-traded funds. Listen 0:00 News COINTELEGRAPH IN YOUR SOCIAL FEED Bitcoin is a purely speculative asset and is akin to a collectible toy, according to John Ameriks, the global head of quantitative equity at asset management company Vanguard. “It’s difficult for me to think about Bitcoin as anything more than a digital Labubu,” Ameriks said at Bloomberg’s ETFs in Depth conference in New York City. Labulus are collectible plush toys featuring animals with anthropomorphic features. Despite Ameriks’ criticism, he said that Bitcoin ( BTC ) may have value beyond financial speculation in the future under certain circumstances. The cryptocurrency could find real-world use cases beyond market speculation in scenarios of high fiat currency inflation or political instability, Ameriks said. These forces drive the adoption of alternative currencies . Bitcoin’s price action from 2012 to 2025. Source: CoinMarketCap The comments followed Vanguard’s announcement in December, allowing its clients to trade cryptocurrency funds for the first time, and highlight the doubts of analysts and executives in traditional finance about Bitcoin, even as its price hovers above $90,000, with 16 years of network uptime. Related: Bitcoin first, crypto at scale: Inside the UAE’s layered digital asset strategy Vanguard finally makes the crypto leap Vanguard was the last of the three major asset management companies, which include BlackRock and State Street, to allow clients to hold crypto investment vehicles. “We allow people to hold and buy these ETFs on our platform if they wish to do so, but they do so with discretion,” Ameriks said , adding that Vanguard won’t offer investors “advice as to whether to buy or sell or which crypto tokens they ought to hold.” ETFs remain a significant source of capital inflows into the digital asset markets. Source: Farside Investors The policy change gives Vanguard’s over 50 million clients exposure to crypto markets and creates yet another bridge between traditional finance and digital assets, funneling money into crypto networks. The fresh capital injections from Vanguard’s clients could boost prices for cryptocurrencies tied to exchange-traded funds. Magazine: Quantum attacking Bitcoin would be a waste of time: Kevin O’Leary # Bitcoin # Bitcoin Price # Adoption # Market Release # Bitcoin Adoption # Bitcoin ETF # ETF Add reaction