{"id":103307,"date":"2025-12-14T10:10:20","date_gmt":"2025-12-14T10:10:20","guid":{"rendered":"https:\/\/neclink.com\/index.php\/2025\/12\/14\/bitcoin-falls-to-90k-vanguard-exec-calls-btc-a-digital-toy\/"},"modified":"2025-12-14T10:10:20","modified_gmt":"2025-12-14T10:10:20","slug":"bitcoin-falls-to-90k-vanguard-exec-calls-btc-a-digital-toy","status":"publish","type":"post","link":"https:\/\/neclink.com\/index.php\/2025\/12\/14\/bitcoin-falls-to-90k-vanguard-exec-calls-btc-a-digital-toy\/","title":{"rendered":"Bitcoin Falls To $90k, Vanguard Exec Calls BTC A Digital Toy"},"content":{"rendered":"


\n<\/p>\n

\n

The bitcoin price was trading in the $92,000 range earlier today but has now dropped back toward $90,000, reflecting continued volatility despite the U.S. Federal Reserve\u2019s 25-basis-point rate cut.<\/a>\u00a0<\/p>\n

After briefly spiking above $93,000 yesterday, the crypto fell below<\/a> $90,000 and stabilized around $90,600 at the time of writing.<\/p>\n

The pullback comes amid mixed signals from the Fed. While the rate cut to 3.50%\u20133.75% was widely anticipated, Fed Chair Jerome Powell\u2019s cautious remarks and a 9\u20133 split among FOMC members \u2014 one favoring a deeper 50-basis-point cut and two opposing any reduction \u2014 tempered enthusiasm for risk assets, including BTC.<\/p>\n

Analysts described the decline as a \u201csell the fact\u201d reaction, since markets had already priced in the move.<\/p>\n

On top of this, Vanguard Group has begun<\/a> allowing clients to trade spot Bitcoin exchange-traded funds (ETFs), marking a notable expansion in access to crypto products for the $12 trillion asset manager\u2019s investors.\u00a0<\/p>\n

Yet, Vanguard\u2019s senior leadership emphasized that its fundamental view of BTC and other cryptocurrencies remains skeptical.<\/p>\n

John Ameriks, Vanguard\u2019s global head of quantitative equity, said Thursday at Bloomberg\u2019s ETFs in Depth conference that Bitcoin is better seen as a speculative collectible than a productive asset.\u00a0<\/p>\n

Comparing it to a viral plush toy, Ameriks highlighted that BTC lacks income, compounding potential, and cash-flow generation \u2014 the core attributes Vanguard looks for in long-term investments.\u00a0<\/p>\n

\u201cAbsent clear evidence that the underlying technology delivers durable economic value, it\u2019s difficult for me to think about Bitcoin as anything more than a digital Labubu,\u201d he said<\/a>, according to Bloomberg.<\/p>\n

Despite this caution, Vanguard\u2019s decision to allow trading of BTC ETFs on its platform was influenced by the growing track record of such products since the first BTC ETF launched in January 2024.\u00a0<\/p>\n

Ameriks said the firm wanted to ensure these ETFs accurately reflect their advertised holdings and perform as expected.<\/p>\n

Banks engaging with bitcoin<\/h2>\n

Earlier this week, PNC Bank became<\/a> the first major U.S. bank to offer direct spot bitcoin trading to eligible Private Bank clients through its digital platform, using Coinbase\u2019s Crypto-as-a-Service infrastructure.\u00a0<\/p>\n

The launch follows a strategic partnership announced in July and reflects a growing trend among U.S. banks to integrate bitcoin into wealth management services.<\/p>\n

Also last week, the Bank of America urged<\/a> its wealth management clients to allocate 1% to 4% of their portfolios to digital assets, signaling a major shift in its approach to Bitcoin exposure.\u00a0<\/p>\n

As of today, Bitcoin is trading at approximately $90,115.85, with a circulating supply of nearly 19.96 million BTC and a market cap of $1.81 trillion.\u00a0<\/p>\n

Prices have fluctuated modestly over the past week, reflecting the broader market\u2019s volatility.<\/p>\n

\"bitcoin\"<\/figure>\n<\/p><\/div>\n


\n
Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The bitcoin price was trading in the $92,000 range earlier today but has now dropped back toward $90,000, reflecting continued volatility despite the U.S. Federal<\/p>\n","protected":false},"author":1,"featured_media":103308,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[151],"tags":[],"class_list":["post-103307","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/neclink.com\/index.php\/wp-json\/wp\/v2\/posts\/103307","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/neclink.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/neclink.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/neclink.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/neclink.com\/index.php\/wp-json\/wp\/v2\/comments?post=103307"}],"version-history":[{"count":0,"href":"https:\/\/neclink.com\/index.php\/wp-json\/wp\/v2\/posts\/103307\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/neclink.com\/index.php\/wp-json\/wp\/v2\/media\/103308"}],"wp:attachment":[{"href":"https:\/\/neclink.com\/index.php\/wp-json\/wp\/v2\/media?parent=103307"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/neclink.com\/index.php\/wp-json\/wp\/v2\/categories?post=103307"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/neclink.com\/index.php\/wp-json\/wp\/v2\/tags?post=103307"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}