If we took a chance on bitcoin early on, just a few years ago, Our investment could have paid off in a big way.If we purchased $1,000 worth of bitcoin back then at a price of $600 per, We would have a little over 1.6 bitcoins. If we purchased $1,000 worth of bitcoin at a price of $1,000 per, we would have one bitcoin.

"Bitcoin has no underlying rate of return," the Vanguard founder said. "We know bonds have an interest coupon, stocks have earnings and dividends, [and] gold has nothing. There is nothing to support bitcoin," he said, "except the hope that We will sell it to someone for more than you paid for it."