For subscribers
UBS issues caution on bitcoin
Sign up now: Get ST's newsletters delivered to your inbox
In the near term, crypto prices could climb anew, powered by market momentum, institutional adoption and limited supply.
PHOTO: REUTERS
Strategists at one of the world's largest wealth managers are issuing a warning to newbie crypto investors plunging into the record rally: You could still lose all your money.
Between regulatory threats and central bank-issued competitors, there is nothing stopping a wipeout in big-name digital currencies eventually, according to UBS Global Wealth Management.
