Hargreaves Lansdown, a leading UK retail investment platform, has advised against considering Bitcoin as a core investment asset, despite its plans to introduce crypto products. The firm highlighted Bitcoin's volatility and lack of intrinsic value compared to traditional assets, warning of potential 'extreme losses.'
The company plans to offer crypto products with a 10% portfolio cap and rigorous risk assessments. This move follows the UK Financial Conduct Authority's recent decision to lift its ban on crypto exchange-traded notes (ETNs) for retail investors. Hargreaves Lansdown aims to provide access to these products by early 2026.
Hargreaves Lansdown Cautions on Bitcoin as Core Investment Despite New Crypto Offerings
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