UBS CEO doesn't see crypto as an investment

The CEO of UBS spoke of his negative thoughts on cryptocurrencies.

The CEO of UBS spoke of his negative thoughts on cryptocurrencies.
And with these ideas, he made it clear that UBS has no plans to enter the cryptocurrency industry.
During a conference, CEO Ralph Hamers said that he does not see crypto as an investment and said that he sees crypto as a tool for speculation.
Considering providing access to crypto investment for its clients, UBS changed its mind and advised investors to stay away from digital currency.