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UBS issues caution on bitcoin
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In the near term, crypto prices could climb anew, powered by market momentum, institutional adoption and limited supply.
PHOTO: REUTERS
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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.
