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Bitcoin is not an investment we would advise, UBS chairman says

Mimi Sabreena 4:06:00 PM Informasi

(Jan 23): UBS believes that bitcoin is a speculative investment and is not advising its clients to invest in the digital currency, the bank's chairman told CNBC Tuesday.

Speaking at the World Economic Forum in Davos, UBS Chairman Axel Weber said the bank makes a clear distinction between institutional and retail clients when it comes to investing in bitcoin.

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