Kadjeski: Over just the past three years, the price of bitcoin has increased by as much as 150% and declined by as much as 77%. Double-digit percent price drops are routine among cryptocurrencies. Remember that you need a 100% return just to make up for a 50% decline. And the more volatile an asset, the more tempting it is to trade. At Vanguard, our products and services are designed with the goal to help investors save more, trade less, and take a long-term approach—not chase trends and churn their portfolios.
HailTheApocalypse OP : what's so funny Mr. Soros?
Jean L Marc : Maybe Vanguard does not need Bitcoin to survive the world market. Behind the scenes, there might be some regulations to follow, so they are not on the same page. Until then let us wait and see. My opinion…
HailTheApocalypse OP Jean L Marc : this is what else they had to say about it. '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.' Unquote. they do have a lot of interest in block chains though.
HailTheApocalypse OP Jean L Marc : Fidelity has a Bitcoin ETF that I may get into with my 401k. at least until the craze is over which none of us really know how long it will last. like you said, let us wait and see.