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UBS Wealth warns clients Crypto price could actually be zero
By Lynn Thomasson
23:26 GMT + 7, January 15, 2021
Strategists say the cryptocurrency market may face tougher regulation
The Swiss company says customers are asking if they should buy a Bitcoin feed
Strategists at one of the world's largest asset managers are giving warnings to new crypto investors to plunge into record rallies: You can still lose all your money.
According to UBS Global Wealth Management, amid regulatory threats and central bank-issued competitors, in the end, there is nothing to stop the write-offs of major digital currencies, according to UBS Global. Wealth Management.
As Wall Street jumped into Bitcoin's rally like never before, the Swiss company said prices could rise in the near term, but the industry faces dangers that exist in the long run.
Authors including Michael Bolliger, chief investment officer for global emerging markets, said in a report Thursday: "In our opinion, there is very little stopping the price of cryptocurrencies to zero. when a better designed version is released or if regulatory changes discourage the mind. "Netscape and Myspace are examples of widespread networking applications that have eventually disappeared, "write strategists in response to increasing customer interest
https://www.bloomberg.com/news/articles/2021-01-15/ubs-wealth-warns-clients-crypto-prices-can-actually-go-to-zero
UBS Wealth warns clients Crypto price could actually be zero
By Lynn Thomasson
23:26 GMT + 7, January 15, 2021
Strategists say the cryptocurrency market may face tougher regulation
The Swiss company says customers are asking if they should buy a Bitcoin feed
Strategists at one of the world's largest asset managers are giving warnings to new crypto investors to plunge into record rallies: You can still lose all your money.
According to UBS Global Wealth Management, amid regulatory threats and central bank-issued competitors, in the end, there is nothing to stop the write-offs of major digital currencies, according to UBS Global. Wealth Management.
As Wall Street jumped into Bitcoin's rally like never before, the Swiss company said prices could rise in the near term, but the industry faces dangers that exist in the long run.
Authors including Michael Bolliger, chief investment officer for global emerging markets, said in a report Thursday: "In our opinion, there is very little stopping the price of cryptocurrencies to zero. when a better designed version is released or if regulatory changes discourage the mind. "Netscape and Myspace are examples of widespread networking applications that have eventually disappeared, "write strategists in response to increasing customer interest
https://www.bloomberg.com/news/articles/2021-01-15/ubs-wealth-warns-clients-crypto-prices-can-actually-go-to-zero
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