Hello!
The news about Vanguard maybe now finally “considering” to allow their customers to buy Bitcoin ETFs is honestly something that should make people angry. James Lavish call it gross financial negligence, and I think he is right. Because when you see the chart, when you see the data, you understand how much opportunity was lost.
Back in January 2024 Vanguard said very clear: spot Bitcoin ETFs will not be available for their clients. At that moment maybe they think they are protecting them from “risk.” But what happen after? IBIT, one of the main Bitcoin ETFs, went up more than 150%. It was a huge move, and many traditional investors who rely on their Vanguard account were simply locked out. They could not participate even if they wanted. This is not about speculation only, it is about access and freedom of investment.
Now, more than a year later, after Bitcoin ETFs already prove demand, liquidity, and legitimacy, Vanguard is starting to change their position. But the damage is already done. Their clients who trust them as a financial partner have been denied one of the best performing assets of this cycle. It is not small mistake, it is negligence, exactly like Lavish said.
And the irony is, Vanguard’s whole brand is about long-term investing, about low cost exposure to big trends in the market. Bitcoin is becoming one of the biggest financial and technological trends of our time, and they were blind to it. Or maybe not blind, but ideological against it. That position is costing their clients real money.
If you think about it, this is why Bitcoin exist. So people don’t need permission from institutions that decide what you can or cannot own. Vanguard will probably now open the doors, but too late. Their clients who missed the 150% run will not forget. And it is a lesson: sometimes, trusting big financial institutions can be more risky than just learning how to take custody and buy Bitcoin yourself.
I hope you have a great weekend! Don't be afraid of this last dump, weak hands are selling and sharks are accumulating!
Posted Using INLEO