UBS explains why you don’t need crypto in your portfolio

Some banks and financial institutions offer — or are considering offering — cryptocurrency to their investing clients, a move that strengthens the bitcoin bull case despite recent volatility. Just this week, Wells Fargo (WFC) announced that it would begin to offer cryptocurrency to some clients as interest spikes once again.

But the embrace of bitcoin on Wall Street is far from guaranteed. In a note Wednesday from UBS global wealth management, CIO Mark Haefele poured cold water on…


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