Vanguard Group chairman: Avoid bitcoin like the plague. Did I make myself clear?

[CryptoGirl]

Jack Bogle, a legendary investor and founder of Vanguard Group, an investment firm managing $4.5 trillion in global assets, has poured scorn on bitcoin as an asset at a time when the decentralized cryptocurrency is valued above $10,000.

At 88 years old, the now-retired chairman of the Vanguard Group was present at a Council on Foreign Relations event in New York on Tuesday when an audience member sought his opinion on bitcoin.

In remarks reported by Bloomberg, Bogle was sharp in his response, stating:

 

  Avoid bitcoin like the plague. Did I make myself clear?

https://www.cryptocoinsnews.com/avoid-bitcoin-like-plague-says-vanguard-founder/
https://www.bloomberg.com/news/articles/2017-11-28/vanguard-founder-jack-bogle-says-avoid-bitcoin-like-the-plague