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31 July 2021

UBS CEO: Crypto 'An Untested Asset Category' - Decrypt

UBS CEO: Crypto 'An Untested Asset Category' - Decrypt


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"Given their high volatility and the size of the past drawdowns, cryptocurrencies might be attractive to speculative investors, but they are neither a suitable alternative to safe-haven assets, nor do they necessarily contribute to portfolio diversification," the report stated

Earlier this month, the bank warned investors that regulatory crackdowns and shifting investor sentiment risked popping "bubble-like" crypto markets, advising that investors "stay clear, and build their portfolio around less risky assets."

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