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Vanguard won't allow clients to even buy anything crypto related in their accounts. That should tell you something right there. If it's so great, why isn't on
by lisbbb 1y ago
Vanguard won't allow clients to even buy anything crypto related in their accounts. That should tell you something right there. If it's so great, why isn't one of the leading wealth management brokers on board?
I once worked with a guy who was an Ethereum "millionaire" which I knew because he couldn't stop telling people. He was a nice guy, just really, super annoying. Anyways, he was so well off he sold his house and bought an RV and was going around the country, family in tow, doing whatever. I don't really know what to believe there. Wealthy people don't usually sell everything they own and go live in an RV. Who knows?
- r_lee 1y agothat's because of AML. Crypto is associated with money laundering so it's easier to just ban it as not that many are into it yet
- kobalsky 1y agoyou are mixing up concepts. crypto assets like BTC and ETH are insanely volatile, I agree with this, don't put your retirement money there. crypto coins issued by an entity, like in the article, you can trust them as much as you trust the entity, the difference with electronic or paper money is that it cannot be created in private, the ledger is public and it cannot be modified.