Crypto 'Not An Asset Class' And Has 'No Intrinsic Value,' Says Leading U.K. Trading Platform

Benzinga

Hargreaves Lansdown warned investors against adding crypto despite the U.K. lifting its ban on retail crypto ETNs. The firm called bitcoin speculative and volatile but plans to allow limited crypto trading in 2026.

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00:00It's Benzinga, bringing Wall Street to Main Street.

00:02A leading UK trading platform warned investors against adding cryptocurrencies to their

00:06portfolios despite newly relaxed crypto regulations, according to CNBC.

00:10UK lifted its ban on retail access to crypto exchange traded notes on October 8th,

00:15prompting Hargreeves Lansdowne to warn investors to exercise caution.

00:19Hargreeves Lansdowne said Bitcoin is not a true asset class and lacks intrinsic value,

00:24making it unsuitable for portfolios aimed at growth or income.

00:26Hargreeves Lansdowne warned that cryptocurrencies are highly volatile and riskier than traditional

00:31investments like stocks or bonds.

00:33However, the firm said it will allow select clients to trade crypto ETNs starting in early

00:382026.

00:40For all things money, visit Benzinga.com.

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