Bitcoin Weakness Continues, Now Down 3.5%, Related Stocks on Watch

Go back to Bitcoin Weakness Continues, Now Down 3.5%, Related Stocks on Watch

UBS Advises Against Directly Investing in Bitcoin (BTC) and Crypto, Investors Should Instead Consider DLT Enablers and Crypto Service Providers

February 4, 2022 10:31 AM EST

Bitcoin (BTC) price is down more than 40% since it hit its all-time high in November, undermining the claims that cryptocurrencies can serve as a hedge against inflation and declining stocks. However, the technology powering digital assets continues to show promise and potential value for investors, according to UBS strategist Joe Gordon.

While Bitcoin and Ether have lost... More