[Vanguard Executive: Bitcoin is a Speculative Asset but Acknowledges Potential Practical Use in Inflation or Turmoil] According to Cointelegraph, John Ameriks, Global Head of Quantitative Equity at asset management company Vanguard, stated that Bitcoin is purely a speculative asset, similar to collectible toys. Despite his criticism, John Ameriks noted that in cases of high inflation in fiat currencies or political turmoil, this cryptocurrency might find practical applications beyond market speculation.