Why did a Vanguard executive compare Bitcoin to a Digital Labubu collectible this week, dismissing its lack of cash flow?



This came after Vanguard opened trading for Bitcoin and crypto ETFs to its clients. It is a weird connect, offering the product while undermining the value.

For institutions, admitting access often comes before admitting belief. In my opinion as adoption grows the narrative always tends to follow.
WHY-1.79%
BTC-0.31%
LABUBU-6.25%
FLOW-0.28%
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