Pioneer Group Executive: Bitcoin is a speculative asset, but it may have practical applications under inflation/turbulence

According to Cointelegraph, John Ameriks, the global head of quantitative equities at asset management firm Vanguard, stated that Bitcoin is purely a speculative asset, similar to collectible toys. Despite his criticisms, John Ameriks mentioned that this cryptocurrency could find real-world applications beyond market speculation in situations of high inflation of fiat currencies or political turmoil.