With the US SEC getting closer to potentially approving a Bitcoin ETF, experts and industry leaders are offering their predictions on the potential impact of this milestone on the crypto market.
one in recent interview On CNBC’s ‘The Exchange,’ Tim Buckley, chairman and CEO of Vanguard Group, the world’s second-largest asset manager, said the company has no plans to move. Bitcoin (BTC) Spot Exchange Traded Fund (ETF).
Vanguard to focus on core values
Buckley’s firm stance on this issue was clear as he said:
“We will not pursue a Bitcoin ETF, just as we do not use gold as an asset class for our clients.”
He explained in detail Vanguard’s investment philosophy, which focuses on asset classes with intrinsic value and cash flow. According to them, Bitcoin, like gold, does not fit their criteria for long-term investment.
During the interview at Vanguard’s headquarters in Pennsylvania, Buckley shared his insights on the current state of the stock and bond markets as well as investor behavior in the face of rising interest rates. His main message to investors was to “stick to the program”, a principle that has proven consistently successful in a variety of market conditions.
In a world where the ten-year outlook for US stocks is about 5% per year and bonds give similar returns, there is a temptation for investors to hold cash. However, Buckley cautioned against this strategy, citing the income risk associated with missing out on potential gains from bonds and stocks if the Federal Reserve cuts rates.
Buckley stressed the importance of maintaining a long-term perspective and avoiding market timing, which he believes is a mistake. Regarding the traditional 60/40 split between stocks and bonds, Buckley confirmed that the fundamentals of investing remain stable. Investors need a steady income stream from bonds along with the growth potential of equities.
Vanguard’s approach has consistently revolved around understanding an individual’s risk profile and maintaining a long-term investment strategy. Buckley said the company’s investors remain committed to this approach, making minimal adjustments to their portfolios, even during turbulent times.
Anticipation grows as Bitcoin ETF nears SEC approval
With the US Securities and Exchange Commission (seconds) As a Bitcoin ETF approaches potentially being approved, experts and industry leaders are offering their predictions on the potential impact of this milestone on the crypto market. There is speculation about the flow of institutional capital that could flow into the Bitcoin sector once it gets the regulatory green light.
Michael Saylor, Co-Founder and CEO MicroStrategy Inc (NASDAQ:MSTR), takes a particularly optimistic outlook on the future of Bitcoin. Saylor believes that once the SEC grants approval for a spot Bitcoin ETF, the leading cryptocurrency could experience a tenfold increase in its value.
Bernstein Research has also joined the chorus of optimism regarding the possible approval of a spot Bitcoin ETF by the SEC. Firm logic A regulatory decision could come as early as January 10, driven by a variety of factors, a move the firm noted When the Bitcoin halving is expected to occur come April, the price of BTC could go parabolic.
Benjamin Godfrey is a blockchain enthusiast and journalist who loves writing about real-life applications of blockchain technology and innovations to promote general acceptance and worldwide integration of the emerging technology. His desire to educate people about cryptocurrencies drives his contributions to well-known blockchain media and sites.
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