No Bitcoin ETFs at Vanguard

Re:No Bitcoin ETFs at Vanguard by miohtama on Sunday January 26, 2025 @02:28PM (#42833141)

Bitcoin could be more compared to a national currency like Argentinian pesos. The value can go to zero as it is no longer accepted (people do not want it), but there is no inherited promise in the first place it goes up forever.

All it matters that it will stay more stable than other assets. And we know from economic history that assets tied to nations may disappear overnight, e.g. Cyprus.

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Re:No Bitcoin ETFs at Vanguard by EVa5I7bHFq9mnYK on Sunday January 26, 2025 @03:06PM (#42833510)

Unlike pesos, or dollars, Bitcoins can't be printed for free.

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Re:No Bitcoin ETFs at Vanguard by oblio on Sunday January 26, 2025 @03:50PM (#42833954)

And Bitcoin isn't backed by a country's economic output and their military.

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Re:No Bitcoin ETFs at Vanguard by est31 on Sunday January 26, 2025 @06:24PM (#42835397)

Trump wants to make the Fed, which is supported and defended by the biggest military on this planet, hoard bitcoin. It turns out you can buy politicians with money, and Bitcoin supporters have done just that.

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Re:No Bitcoin ETFs at Vanguard by EVa5I7bHFq9mnYK on Sunday January 26, 2025 @11:23PM (#42837396)

And that's the beauty of it. It's strong enough by itself so it doesn't need military protection.

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