Vanguard Founder Jack Bogle Says ‘Avoid Bitcoin Like the Plague’
Bitcoin: What’s Coming in the Year Ahead
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Bitcoin has been on a spree, but legendary investor Jack Bogle doesn’t think you should pull your money from the S&P 500 just yet.
“Avoid bitcoin like the plague. Did I make myself clear?” Bogle, founder of Vanguard Group Inc., said in response to an audience question at a Council on Foreign Relations event in New York Tuesday. The virtual currency has skyrocketed 945 percent this year, and has hovered near $10,000 this week.