Hargreaves Lansdown, the largest retail investment platform in the U.K., which has about $225 billion in assets under management, issued a surprisingly harsh warning to its customers: Stay away from Bitcoin. The cryptocurrency has “no intrinsic value,” it told its clients, and should not be included in their life savings and retirement plans.
HL is the third large financial institution recently to remind customers that crypto might be based on nothing, following Deutsche Bank and Elliott Management.
