Should I buy bitcoin? – Largest Swiss bank UBS provides advice on BTC investments – Markets and prices Bitcoin News

Should I buy Bitcoin? – Switzerland’s largest bank, UBS, provides advice on investing in BTC Switzerland’s largest bank, UBS, has published advice for its

Should I buy bitcoin? – Largest Swiss bank UBS provides advice on BTC investments – Markets and prices Bitcoin News



Blockchain


2021-02-14 15:52:38


Most graBank of Switzerland, UBS, has published advice for its clients on investing in bitcoin. The bank answers some important questions, for example whether to buy bitcoin and other cryptocurrencies and whether bitcoin can be used to persify wallets.

“Should I buy” Bitcoin? UBS Answers

UBS last week released a detailed report on bitcoin. It answers some of the questions the bank is currently discussing with its clients, said the report’s authors, including the company’s chief investment officer in global emerging markets, Michael Bolliger. UBS Group is currently the largest bank in Switzerland in terms of total assets, followed by Credit Suisse Group.

The first question UBS answered in its “The Rise of Bitcoin” report was “Should I buy?” The report explains that “many customers wonderdent if they should invest in bitcoin and other cryptocurrencies, “adding:

” We are also coggering the real risk of losing your entire investment. Cryptocurrency investors should therefore limit the size of their investments to an amount that they can afford to lose. We also suggest thinking about an exit strategy, ”elaborated the authors of the report.

While admitting that “indeed, prices [of cryptocurrencies] may continue to rise in the short term,” the authors warned: “little in our opinion to prevent the price of a cryptocurrency to fall to zero when a better-designed version is launched or if regulatory changes stifle sentiment.

Bitcoin Be Used to

Another important question UBS answered was whether bitcoin could be used to

The bank also pointed out that both Institutional and retail investors buy bitcoins. Reasons to buy include bitcoin, an attractive investment opportunity, fiat currency depreciation protection, and FOMO.


What do you think of UBS ‘s advice on bitcoin investing? Let us know in the comments section below.

1 2

Share