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Anti-Bitcoin Vanguard Will Be Inadvertently ‘Buying’ BTC
As reported by U.Today, GameStop has recently changed its investment policy, adding Bitcoin as a treasury reserve asset. This bold move may have some unexpected implications for the long-standing anti-Bitcoin stance of Vanguard, one of the largest investment management companies in the world.
Vanguard’s commitment to not investing in cryptocurrencies, particularly Bitcoin, is well-documented. However, it appears that their stance will inadvertently lead them to “buy” BTC through GameStop, a major retailer now holding significant amounts of Bitcoin on its balance sheet.
It is essential to note that Vanguard has already rejected the idea of including Bitcoin or any other cryptocurrency in its investment offerings. In doing so, they have maintained their commitment to traditional assets such as stocks and bonds.
However, if we consider the recent shift in GameStop’s investment policy, a curious phenomenon emerges. As GameStop now holds Bitcoin as part of its treasury reserve asset, Vanguard will be indirectly benefiting from the growth of this digital asset. This is particularly striking given Vanguard’s stance on not investing in cryptocurrencies.
It is crucial to recognize that Vanguard has no direct involvement in GameStop’s investment decisions, and their anti-Bitcoin stance remains unchanged.
Source: https://u.today/anti-bitcoin-vanguard-will-be-inadvertently-buying-btc