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 Why UBS’s Stance Matters for Bitcoin Investors When a banking giant like UBS says crypto is held by a “tiny portion of society,” it ...