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VRA Letter: More Friendly Inflation Data with Incomes Soaring. Must Own Small Caps (TNA). Textbook Bull Market Action. Bitcoins Ramp Higher Continues.

Good Friday morning. Vanguard, the money management behemoth with more than $7 trillion in assets under management, saw their long-running CEO Tim Buckley announce his resignation yesterday (effective by year end). Buckley….who ...

Posted On March 01, 20244 MIN Read
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Good Friday morning. Vanguard, the money management behemoth with more than $7 trillion in assets under management, saw their long-running CEO Tim Buckley announce his resignation yesterday (effective by year end). Buckley….who detests Bitcoin/cryptos…is almost certainly stepping down for costing Vanguard and their clients untold billions in fees and profits from the Bitcoin revolution. Vanguard, second only to Blackrock in AUM, has refused to allow their clients to invest in BTC and also passed on creating their own BTC ETF. Watch how fast they move to jump into the crypto space once Buckley is gone, if not before he officially departs.

Vanguard is just one of many major Wall Street titans that have whiffed on Bitcoin. Many of the largest investment firms in the US have yet to offer Bitcoin ETF’s to their clients, including Bank of America, Wells Fargo, Goldman Sachs and JP Morgan, however just yesterday BofA and Wells Fargo announced that they will soon allow BTC purchases. 

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