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Vanguard CEO: Bitcoin's volatility is too high, not worth long-term investment

Vanguard CEO: Bitcoin's volatility is too high, not worth long-term investment

2024/03/17 01:31

Vanguard CEO Tim Buckley stated that cryptocurrencies operate as speculative assets and are not suitable for long-term investment, which does not align with Vanguard's investment model. Things like Bitcoin have too much volatility and it is not a means of storing value. When the stock market was hit hard in the recent crisis, Bitcoin followed suit.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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