Although bitcoin's price has continued to move upward, reaching to a new high of over $10,000 per coin earlier this week, there are still some very prominent detractors of the leading cryptocurrency...Bogle spoke about the cryptocurrency at a Council on Foreign Relations event in New York earlier this week, where he told audience members to "avoid bitcoin like the plague."
Bogle explained that "bitcoin has no underlying rate of return." He told audience members at the event that "you know bonds have an interest coupon, stocks have earnings and dividends, gold has nothing. There is nothing to support bitcoin except the hope that you will sell it to someone for more than you paid for it."
Read more at:
https://www.investopedia.com/news/vanguards-jack-bogle-says-no-bitcoin/
Bogle explained that "bitcoin has no underlying rate of return." He told audience members at the event that "you know bonds have an interest coupon, stocks have earnings and dividends, gold has nothing. There is nothing to support bitcoin except the hope that you will sell it to someone for more than you paid for it."
Read more at:
https://www.investopedia.com/news/vanguards-jack-bogle-says-no-bitcoin/
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