{"id":46405,"date":"2021-07-20T15:26:18","date_gmt":"2021-07-20T12:26:18","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=46405"},"modified":"2025-09-01T16:14:51","modified_gmt":"2025-09-01T13:14:51","slug":"ubs-chief-calls-cryptocurrencies-an-untested-asset-class","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/ubs-chief-calls-cryptocurrencies-an-untested-asset-class\/","title":{"rendered":"UBS chief calls cryptocurrencies an untested asset class"},"content":{"rendered":"<p>The CEO of the Swiss financial group UBS, Ralph Hamers, described cryptocurrencies as an &#8216;untested asset class&#8217;.<\/p>\n<p><!--more--><\/p>\n<figure class=\\\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\\\">\n<div class=\\\"wp-block-embed__wrapper\\\">\n<blockquote class=\\\"twitter-tweet\\\" data-width=\\\"500\\\" data-dnt=\\\"true\\\">\n<p lang=\\\"en\\\" dir=\\\"ltr\\\">\\&#8221;We feel that crypto itself is still an untested asset category,\\&#8221; says UBS CEO Ralph Hamers. He tells <a href=\\\"https:\/\/twitter.com\/ManusCranny?ref_src=twsrc%5Etfw\\\">@ManusCranny<\/a> he doesn&#8217;t have crypto FOMO <a href=\\\"https:\/\/t.co\/WoyYpqfqiQ\\\">https:\/\/t.co\/WoyYpqfqiQ<\/a> <a href=\\\"https:\/\/t.co\/qIwAIejwx7\\\">pic.twitter.com\/qIwAIejwx7<\/a><\/p>\n<p>\u2014 Bloomberg TV (@BloombergTV) <a href=\\\"https:\/\/twitter.com\/BloombergTV\/status\/1417397289656672267?ref_src=twsrc%5Etfw\\\">July 20, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script>\n<\/div>\n<\/figure>\n<p>In a Bloomberg TV interview, he noted that clients are interested in and ask about digital assets.<\/p>\n<blockquote class=\\\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\\\">\n<p>\\&#8221;Clients are seeking various alternatives. They hear about cryptocurrency and are a little afraid of missing out. They read about it in newspapers, but also see the volatility. So, frankly, we advise being cautious and are not actively offering it,\\&#8221; said Hamers.<\/p>\n<\/blockquote>\n<p>UBS, which manages about $1.2 trillion in assets, has been skeptical of the Bitcoin industry. Last year the company <a href=\\\"https:\/\/decrypt.co\/42004\/ubs-doubts-that-bitcoin-is-a-safe-haven-asset\\\">released a report<\/a> rejecting the properties of digital gold as a safe-haven asset.<\/p>\n<p>As reported in July, the financial giant <a href=\"https:\/\/forklog.com\/en\/news\/ubs-cryptocurrencies-are-a-gamble-not-investments\">stated<\/a> that cryptocurrencies are not suitable for investing, and called them a form of gambling.<\/p>\n<p>Follow ForkLog news on Telegram: <a href=\\\"https:\/\/t.me\/forklogfeed\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener\\\">ForkLog Feed<\/a> \u2014 the full news feed, <a href=\\\"https:\/\/telegram.me\/forklog\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener\\\">ForkLog<\/a> \u2014 the most important news, infographics and opinions.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The CEO of the Swiss financial group UBS, Ralph Hamers, described cryptocurrencies as an &#8216;untested asset class&#8217;.<\/p>\n","protected":false},"author":1,"featured_media":46406,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1269,27,1932],"class_list":["post-46405","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cryptocurrencies","tag-russia","tag-ubs"],"aioseo_notices":[],"amp_enabled":true,"views":"31","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/46405","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=46405"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/46405\/revisions"}],"predecessor-version":[{"id":46407,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/46405\/revisions\/46407"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/46406"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=46405"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=46405"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=46405"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}