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UBS CEO Says Clients are Looking at Different Investment Alternatives and Have Crypto FOMO

Amy Liu

Summary: The CEO of UBS Group AG, Ralph Hamers, talked about cryptocurrency in an interview with Bloomberg. Hamers says that clients are looking at different investment alternatives and there is a bit of a fear of missing out (FOMO) when it comes to cryptocurrency investments. Given that a growing number of investment banks are offering crypto ...

The CEO of UBS Group AG, Ralph Hamers, talked about cryptocurrency in an interview with Bloomberg. Hamers says that clients are looking at different investment alternatives and there is a bit of a fear of missing out (FOMO) when it comes to cryptocurrency investments.

Given that a growing number of investment banks are offering crypto services or investments with exposure to cryptocurrencies to their clients, he elaborated: "They read it in the papers but they also see the volatility so honestly we advise with caution."

By Amy Liu

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