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UBS Wealth compares cryptocurrencies to devalued Netscape and MySpace


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UBS Global Wealth Management strategists warn investors about the risk of losing all their money as the cryptocurrency market recovers.

Indeed, the Swiss firm believes that the industry will face significant risks in the long term.

Then, among these, they note a regulation and a possible competition of the digital currencies of the central banks.

Finally, UBS Wealth notes that cryptocurrencies could continue to grow in the short term. This would stem from market dynamics, institutional acceptance and limited supply. However, experts advise cryptocurrency investors to “limit their investment to the amount they can afford to lose”.

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