{"id":34855,"date":"2021-01-17T13:08:30","date_gmt":"2021-01-17T11:08:30","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=34855"},"modified":"2025-08-28T22:30:45","modified_gmt":"2025-08-28T19:30:45","slug":"ubs-wealth-compares-cryptocurrencies-to-devalued-netscape-and-myspace","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/ubs-wealth-compares-cryptocurrencies-to-devalued-netscape-and-myspace\/","title":{"rendered":"UBS Wealth compares cryptocurrencies to devalued Netscape and MySpace"},"content":{"rendered":"<p>Strategists at UBS Global Wealth Management, one of the world&#8217;s largest private wealth managers, warned investors amid the rally in cryptocurrency markets about the risk of losing all their money, <a href=\"https:\/\/www.bnnbloomberg.ca\/ubs-wealth-warns-clients-crypto-prices-can-actually-go-to-zero-1.1549190\" target=\"_blank\" rel=\"noopener noreferrer\">Bloomberg<\/a>.<!--more--><\/p>\n<p>The Swiss firm believes that in the long term the sector will face significant risks.<\/p>\n<p>Among the latest, they noted regulation and potential competition from central bank digital currencies (CBDCs).<\/p>\n<blockquote>\n<p>&#8220;From our perspective, little can prevent the price of a cryptocurrency from dropping to zero when a more advanced version is launched or if regulatory changes dampen market sentiment. Netscape and MySpace are examples of web applications that enjoyed broad popularity, but eventually disappeared,&#8221; says Michael Bollinger, UBS Wealth&#8217;s chief investment officer for Global Emerging Markets.<\/p>\n<\/blockquote>\n<p>UBS Wealth noted that in the near term cryptocurrencies could continue to rise due to market dynamics, institutional adoption, and limited supply. However, experts advised cryptocurrency investors to &#8220;limit the size of their investments to the amount they can afford to lose.&#8221;<\/p>\n<p>As a reminder, the UK Financial Conduct Authority (FCA) <a href=\"https:\/\/forklog.com\/en\/news\/uk-regulator-warns-of-the-risks-of-investing-in-crypto-assets\">warned<\/a> investors in cryptocurrencies about the risk of losing all their money. Earlier the regulator <a href=\"https:\/\/forklog.com\/en\/news\/uk-regulator-bans-sale-of-cryptocurrency-derivatives-to-retail-investors\">banned the sale of derivatives<\/a> based on digital assets to retail investors.<\/p>\n<p>Follow Forklog news on <a href=\"https:\/\/www.facebook.com\/forklog\" target=\"_blank\" rel=\"nofollow noopener noreferrer\"> Facebook<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Strategists at UBS Global Wealth Management warned investors amid the rally in cryptocurrency markets about the risk of losing all their money, Bloomberg reports.<\/p>\n","protected":false},"author":1,"featured_media":26216,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"UBS Wealth cautions crypto prices can fall to zero.","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1138,1932],"class_list":["post-34855","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-opinions","tag-ubs"],"aioseo_notices":[],"amp_enabled":true,"views":"14","promo_type":"1","layout_type":"1","short_excerpt":"UBS Wealth cautions crypto prices can fall to zero.","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/34855","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=34855"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/34855\/revisions"}],"predecessor-version":[{"id":34856,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/34855\/revisions\/34856"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/26216"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=34855"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=34855"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=34855"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}