There exists a decent probability that the price of Bitcoin will eventually go to zero, according to Joe Davis, the head of Vanguard Investment Strategy Group, a division of the global giant Vanguard Group. In a blog post published on Tuesday, May 21, Davis broke down his argument that cryptos don’t qualify as currencies and may soon be replaced by centralized blockchain-based currencies. Bitcoin Presents A Quandary A proponent of the ‘blockchain is good but cryptos are bad’ narrative, Davis is optimistic that the blockchain has great potential to revolutionize many industries, even stating that Vanguard is already using it. However, he isPowered by WPeMatico
