Out in the vast, flickering desert of finance, Bitcoin’s price slithered beneath $90,000 on this cold December 12, like a coyote skulking into a dust storm. A Vanguard bigwig, Mr. John Ameriks, declared it a “digital Labubu”-a plush toy that soared then crumbled, much like the dreams of those who trade in shiny, intangible things. And lo, a bearish flag waved ominously on the charts, as if the market itself had given up and tied the knot with pessimism.
The coin now dangles at $89,700, a far cry from its gaudy peak of $126,300. Its fall mirrored the NASDAQ’s stumble, both victims of AI’s shadow, which looms like a thundercloud over Wall Street’s picnic.
Mr. Ameriks, with the solemnity of a man explaining why your dog ate your homework, called Bitcoin a “digital Labubu.” For those who forgot, Labubu is that Pop-Mart plush-hot one day, trash the next. He argued Bitcoin lacks “income, compounding, and cash-flow,” as though the coin should come with a coupon for dividends. Warren Buffett and Charlie Munger, the old guard, nodded in unison, their beards wagging like caution signs.
Vanguard, the titan with $12 trillion in its pocket, let loose crypto ETFs on its platform but refused to play tour guide. Ameriks quipped, “We’ll let you buy, but don’t expect us to hold your hand-or your wallet.” Meanwhile, rivals like BlackRock cashed in on crypto gold, their ETFs gorging on fees like vultures at a feast.
The Bear’s Flag Flutters
On the daily chart, Bitcoin huddles beneath the Supertrend like a child hiding from thunder. The 50-day EMA? A ghost town now. A bearish flag, that meanest of chart patterns, unfurls its claws, whispering, “$75,000 is your new home.” Only a leap above $100,000 could save it, but that’s about as likely as a snowstorm in the Sahara. 🌪️
And so, dear reader, the saga continues-a dance of hubris and hope, with Vanguard’s labubu metaphor echoing like a warning bell in the void. May your portfolio survive the winter. ❄️
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2025-12-12 23:45