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> he has no idea what Bitcoin is Are you insane? He built Vanguard, the most successful investment product in history. They have 3 trillion dollars of assets
by bpicolo 9y ago
> he has no idea what Bitcoin is
Are you insane? He built Vanguard, the most successful investment product in history. They have 3 trillion dollars of assets managed and literally invented the retail index fund. You think he doesn't follow every aspect of the financial markets?
- rebuilder 9y agoThe Bitcoin bet is that traditional financial markets have it wrong, or don't serve the market Bitcoin serves. You judge how likely that is to be true.
- bpicolo 9y agoAnd yet that doesn't factor into the discussion. He built Vanguard on the entire concept of "traditional finance has it wrong". He's an insanely smart dude. I'm confident he understands the market dynamics of bitcoin more than the average person gambling on bitcoin.