As the US SEC moves closer to potentially approving a bitcoin ETF, experts and industry leaders offer their predictions on the potential impact of this milestone on the cryptocurrency market.
in a recent interview On CNBC’s ‘The Exchange’, Tim Buckley, president and CEO of Vanguard Group, the world’s second-largest asset manager, stated that the company has no plans to pursue a bitcoin spot exchange-traded fund (ETF). (btc).
Vanguard will focus on core values
Buckley’s firm stance on this issue was clear when he stated:
“We will not pursue a bitcoin ETF, just as we do not use gold as an asset class for our clients.”
He explained Vanguard’s investment philosophy, which focuses on asset classes with intrinsic value and cash flows. According to him, bitcoin, like gold, does not fit his long-term investment criteria.
During the interview that took place at Vanguard’s headquarters in Pennsylvania, Buckley shared his thoughts on the current state of the stock and bond markets, as well as investor behavior in the face of rising interest rates. His central message to investors was to “stay the course,” a principle that has proven to be consistently successful in various market conditions.
In a world where the ten-year outlook for US stocks hovers around 5% annually and bonds generate similar returns, the temptation for investors is to hold cash. However, Buckley cautioned against this strategy, citing the income risk associated with losing potential gains from bonds and stocks if the Federal Reserve cuts rates.
Buckley emphasized the importance of maintaining a long-term perspective and avoiding market timing, which he considers a mistake. As for the traditional 60/40 split between stocks and bonds, Buckley reaffirmed that the fundamentals of investing remain strong. Investors need a steady stream of income from bonds along with the growth potential of stocks.
Vanguard’s approach has consistently revolved around understanding an individual’s risk profile and maintaining a long-term investment strategy. Buckley noted that the company’s investors tend to remain committed to this approach and make minimal adjustments to their portfolios, even in turbulent times.
Anticipation Grows as SEC Approval of bitcoin ETF Nears
As the US Securities and Exchange Commission (SEC) moves closer to potentially approving a bitcoin ETF, experts and industry leaders offer their predictions on the potential impact of this milestone on the bitcoin market. cryptocurrencies. Speculation is rife about the influx of institutional capital that could flood the bitcoin space once the regulatory green light is given.
Michael Saylor, co-founder and CEO of MicroStrategy Inc (NASDAQ: MSTR), has a particularly optimistic outlook on the future of bitcoin. Saylor believes that once the SEC grants approval for a bitcoin spot ETF, the leading cryptocurrency could see a tenfold increase in value.
Bernstein Research is also joining the chorus of optimism regarding the possible SEC approval of a bitcoin spot ETF. The firm maintains that the regulatory decision may come as soon as January 10, driven by several factors, a move the firm noted when, complemented by the upcoming bitcoin halving expected in April, the price of btc may become parabolic.
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Benjamin Godfrey is a journalist and blockchain enthusiast who enjoys writing about real-life applications of blockchain technology and innovations to drive mainstream acceptance and global integration of the emerging technology. His desire to educate people about cryptocurrencies inspires his contributions to renowned blockchain media and sites.
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