Re: Bitcoin News & Discussion

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UBS Global Wealth Management warns that although in the near future prices on the crypto currency market may still rise, the crypto industry faces long term existential risks. The Swiss company points out at the regulatory threats and central bank backed stable coins as main threats to the crypto market.

“There is little in our view to stop a cryptocurrency’s price from going to zero when a better designed version is launched or if regulatory changes stifle sentiment,” Michael Bolliger, Chief Investment Officer for global emerging markets at UBS Global Wealth Management, said in a report, adding that “Netscape and Myspace are examples of network applications that enjoyed widespread popularity but eventually disappeared.”

What do you think guys, will cryptos down back down to zero?




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