“Jackson: In Vanguard's view, crypto is more of a speculation than an investment. This is at the root of our decision to not offer crypto products, whether our own or others. With equities, you own a share of a company that produces goods or services, and many also pay dividends. With bonds, you get a stream of interest payments. Commodities are real assets that meet consumption needs, have inflation-hedging properties, and can play a role in certain portfolios. While crypto has been classified as a commodity, it's an immature asset class that has little history, no inherent economic value, no cash flow, and can create havoc within a portfolio.”

Aka we’re too lazy to study bitcoin but we can manage your money 🤡

Wow that's actually impressive.

"We like blockchain but not bitcoin" is the most stupid, uninformed nonsense possible. Whenever I've heard that, I've asked the person to explain and they never can.

Why do you want these Marxist aligned 401K managments firms (Vanguard, Blackrock, State Street), involved in Bitcoin?

They probably own most of Hedera anyways, which is the ultimate digital currency/crypto hijacking infrastructure.

Instead of defining their “rigorous process” they display meaningless dots at different diameters and opacities.

Classic legacy!

Noobs

NGMI.