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UBS Wealth Warns Clients Crypto Prices Can Actually Go to Zero

  • Strategists say crypto market could face tougher regulation
  • Swiss firm says clients are asking if they should buy Bitcoin

Strategists at one of the world’s largest wealth managers are issuing a warning to newbie crypto investors plunging into the record rally: You could still lose all your money.

Between regulatory threats and central bank-issued competitors, there’s nothing stopping a wipeout in big-name digital currencies eventually, according to UBS Global Wealth Management.