Vanguard Official Described Bitcoin as 'Digital Gold'

Is Bitcoin Investment Speculative?

John Ameriks, the manager of Vanguard, described Bitcoin as a 'digital Tulip.' This analogy highlights the speculative nature of the asset and suggests that it is not viewed as a long-term investment vehicle.

Changes in Vanguard's Crypto Policy

Ameriks stated that Vanguard's fundamental view on the crypto asset class has not changed. The company continues to assess the crypto sector as an extremely speculative field.

Access to Crypto ETFs

Vanguard will not launch its own cryptocurrency exchange-traded funds (ETFs). However, it provides customers access to regulated crypto investment vehicles. The company offers this service without giving trading advice.