Hargreaves Lansdown, the UK's largest retail investment platform, has issued a warning to investors about the risks associated with cryptocurrencies, despite recent regulatory changes. The platform emphasized that Bitcoin lacks intrinsic value and should not be considered a viable asset class for growth or income in investment portfolios. This caution comes as the UK Financial Conduct Authority (FCA) lifts a four-year ban, permitting retail investors to hold regulated cryptocurrency products. While Hargreaves Lansdown remains skeptical about the inclusion of cryptocurrencies in investment strategies, it has not completely ruled out offering such products. The platform plans to allow access to cryptocurrency products early next year, contingent upon a suitability test and a thorough assessment of client needs and risk factors.
Hargreaves Lansdown Cautions UK Investors on Cryptocurrency Risks
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