Jack Bogle: ‘Avoid Bitcoin Like The Plague, Clear?’

Were you wondering what Jack Bogle thinks of Bitcoin? If so, and you were hoping for some kind of pseudo-endorsement from the father of indexing, you are going to be severely disappointed. Over the past nine months, we've spent a lot of time explaining all of the myriad things wrong with Bitcoin as a "currency" and also with Bitcoin as an "investment". The former discussion is more nuanced, but the latter is straightforward: it's not an "investment" because i) there's nothing there, and ii) be