Vanguard CEO: Bitcoin is too volatile and not a store of value, making it unsuitable for long-term investment
ChainCatcher news, according to Bitcoinist, Vanguard CEO Tim Buckley stated that cryptocurrency operates as a speculative asset, is not suitable for long-term investment, and does not align with Vanguard's investment model.
He believes that Bitcoin is too volatile and is not a store of value, as it also fell when the stock market was hit hard during the recent crisis.
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