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Vanguard Executive Labels Bitcoin as Speculative Collectible, Cautious Stance on Cryptocurrency ETFs

2025/12/14 13:06
CoinPost
Written by L.Kikutani
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Vanguard Executive Labels Bitcoin as Speculative Collectible, Cautious Stance on Cryptocurrency ETFs

Bitcoin Described as 'Digital Labub'

According to a report by Bloomberg on the 13th, John Ameriks, the global head of equity quant at Vanguard Group, the world's second-largest asset management firm, likened Bitcoin (BTC) to the popular plush toy 'Labub', describing it as nothing more than a speculative collectible. Speaking at an ETF-related conference in New York, Ameriks highlighted that Bitcoin lacks asset characteristics such as profitability, compound interest effects, and cash flow.

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Iolite Vol.18

Iolite Vol.18

March 2026 issueReleased on 2026/01/30

Interview: Iolite FACE vol.18 Takeshi Chino, Representative Director, Binance Japan PHOTO & INTERVIEW: Mai Shin Special Features: “Future Money — The Current State of Value Transfer” “Upcoming Amendments to Japan’s Crypto Asset Regulations” “The Reality of IEOs” Crypto Journey Beyond a Treasury Company: Becoming an Ethereum Evangelist — The Essence and Determination Behind HODL1’s Digital Asset Treasury (DAT) Strategy Interview with Hiroki Tahara, Representative Director, Kusim Inc. (now HODL1) Series: “Expert Perspectives on Interpreting Volatile Crypto Markets” — Kasou NISHI Series Tech and Future — Toshinao Sasaki …and more

MAGAZINE

Iolite Vol.18

March 2026 issueReleased on 2026/01/30
Interview: Iolite FACE vol.18 Takeshi Chino, Representative Director, Binance Japan PHOTO & INTERVIEW: Mai Shin Special Features: “Future Money — The Current State of Value Transfer” “Upcoming Amendments to Japan’s Crypto Asset Regulations” “The Reality of IEOs” Crypto Journey Beyond a Treasury Company: Becoming an Ethereum Evangelist — The Essence and Determination Behind HODL1’s Digital Asset Treasury (DAT) Strategy Interview with Hiroki Tahara, Representative Director, Kusim Inc. (now HODL1) Series: “Expert Perspectives on Interpreting Volatile Crypto Markets” — Kasou NISHI Series Tech and Future — Toshinao Sasaki …and more