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Re:No Bitcoin ETFs at Vanguard by mistercheph on Sunday January 26, 2025 @02:21PM (#42833056)
What happens to a store-of-value asset like gold or cash if you can't convince the next generation to trade another store-of-value-asset, hard asset, or labor for it?
Re:No Bitcoin ETFs at Vanguard by dehrmann on Sunday January 26, 2025 @02:48PM (#42833338)
Would you like to buy some tulips?
Re:No Bitcoin ETFs at Vanguard by Ekaros on Sunday January 26, 2025 @03:27PM (#42833736)
I also have some stamps to sell. A real example of collectible that has fallen in value outside few very rare and perfect specimen.
Re:No Bitcoin ETFs at Vanguard by brazzy on Sunday January 26, 2025 @03:40PM (#42833858)
The funny thing is: tulip bulbs were actually a productive asset. You could plant the bulbs to create more of them.
Re:No Bitcoin ETFs at Vanguard by dehrmann on Sunday January 26, 2025 @04:39PM (#42834425)
Re:No Bitcoin ETFs at Vanguard by stouset on Sunday January 26, 2025 @05:11PM (#42834734)
This is precisely why financially literate people hold on to the amount of cash necessary to buy and sell goods, keep some excess in an account that bears interest, and the bulk of the rest goes into productive assets.