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UBS CEO doesn't see crypto as an investment

Uğur Bayram

Oct 26, 2021

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.

Attention to Investors!

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The information, comments and recommendations contained herein are not within the scope of investment consultancy. Investment consultancy service is provided by authorized institutions with the individual's risk and profit preferences taking into account. The comments and recommendations on the other hand here are general. These recommendations may not be suitable for your financial situation and risk and profit preferences. Therefore, making an investment decision based solely on the information contained herein may not produce results in line with your expectations.

PiSoCrypto Team

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