The UK’s Largest Investment Platform Issues Unexpected Warning About Bitcoin: “Stay Away”

Hargreaves Lansdown the UK's largest retail investment platform has issued a stark warning to its ￰0￱ firm which manages approximately $225 billion in assets

claims that Bitcoin (BTC) has “no intrinsic value” and urges investors to stay away from the ￰1￱ company stated that Bitcoin is an “extremely volatile” investment despite occasionally providing positive returns in the long term: Bitcoin is an extremely volatile investment instrument that has experienced significant losses in value on numerous ￰2￱ Hargreaves Lansdown we do not view Bitcoin as an asset ￰3￱ do not believe cryptocurrencies should be included in portfolios for the purpose of generating growth or ￰4￱ News: Cryptocurrencies Have Shaken Up the World Political Stage: Allegations Under Investigation The statement also stated that performance assumptions for cryptocurrencies cannot be analyzed and that

unlike other alternative investment classes they “have no intrinsic value.” Hargreaves Lansdown's warning follows similar recent statements from major financial institutions such as Deutsche Bank and Elliott ￰5￱ the other hand despite all these warnings the company also announced that it will soon begin offering cryptocurrency buying and selling services to its customers. *This is not investment ￰6￱ Reading: The UK’s Largest Investment Platform Issues Unexpected Warning About Bitcoin: “Stay Away”