“Avoid Bitcoin Like the Plague”, We’ll Talk When It’s $100: Vanguard Founder

https://www.cryptocoinsnews.com/avoid-bitcoin-like-plague-says-vanguard-founder/

Bogle is a dinosaur and should go back to the stone ages. Even in the world of equities he is clueless. After almost 8 decades associated intimately with the stock market he still doesn't even know how the market actually works. His ideas on trading equities alone are moronic. I remember one of his ideas was to levy a transaction tax. His idea was that if you raise the cost of transacting, there will be less of it. Is that the problem, Mr. Bogle, too much activity, too much trading? It is axiomatic that liquidity, the confidence that one can get the expressed price at any quantity, is mostly a function of the order density. Reduce that, Mr. Bogle, and Vanguard can't get rid of all those bad trades it holds en mass.

Just another clueless, illiterate, WS bum. Bitcoin, cryptos and the blockchain are here to stay. He's worried about underlying rate of return when in reality NOTHING has guaranteed underlying value. It's all a house of cards. That's why one has to focus on utility and need because that's where the real value lies in anything.