Jack Bogle: Bitcoin Is Just Another Speculation
Channel: Finance Jane
Date: 2022-01-25

John Clifton "Jack" Bogle (May 8, 1929 – January 16, 2019) was an American investor, business magnate, and philanthropist. He was the founder and chief executive of The Vanguard Group, and is credited with creating the first index fund. 

An avid investor and money manager himself, he preached investment over speculation, long-term patience over short-term action, and reducing broker fees as much as possible. 

The ideal investment vehicle for Bogle was a low-cost index fund held over a period of a lifetime with dividends reinvested and purchased with dollar cost averaging.

In this video, Bogle gave his opinion about bitcoin investment. He believed it is just another speculation and people don’t need it.

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Attribution: “Bogleheads® Conference 2018 - John Bogle Keynote 2018” by Bogleheads. Shared via a Creative Commons CC-BY license. https://youtu.be/PulaxAUcFp4

Warning: This video is to show you John Bogle’s view about bitcoin. Please do your research before doing any investment. A good balance between return and risk is the key to investment success.

#jackbogle #bitcoin