UBS Says ‘Crypto Is Not an Asset’ as Bitcoin Whales and ETFs Pull Back
UBS has taken a firm stance against digital assets, declaring that “crypto is not an asset” as Bitcoin whales and ETF investors begin pulling capital from the market.
Bitcoin managed a bump to $70K this morning, but don’t pop the champagne just yet; the original cryptocurrency is still down 50% from its October highs.
DISCOVER: Best New Cryptocurrencies to Invest in 2026
When a banking giant like UBS says crypto is held by a “tiny portion of society,” it stings, especially since they have previously moved to open crypto access for private clients.
This mixed messaging matters because institutional approval usually brings stability to the market. Instead, we are seeing the opposite.
(Source: Bitcoin ETF Net…
