Vanguard Group CEO: Bitcoin ETF not recommended for retirement investment plans
Vanguard Group CEO Tim Buckley has long been strongly opposed to Bitcoin ETFs, despite facing criticism from customers and continued inquiries about the company's ETF plans. In a recent video released by Vanguard, Buckley warned that due to the volatility of Bitcoin ETFs, they should not be included in retirement investment plans as they are speculative assets. Buckley also questions the status of Bitcoin as a store of value, noting that during the 2022 stock market crash, Bitcoin also experienced a significant drop. He stated, "When the stock market was hit hard in the recent crisis, Bitcoin also fell. So it is speculative and difficult to consider its place in a long-term investment portfolio." (Cointelegraph)
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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