Cryptocurrencies are nearing the end of the road, and it’s time to do away with the digital coins, UBS Gobal Wealth Management’s chief economist said.
UBS Paul Donovan, who has never been a fan of cryptocurrency, wrote earlier this week: “I come to bury Bitcoin, not to praise it.”
“These things were never going to be currencies. They’re not going to be currencies at any point in the future,” he said Thursday on CNBC’s “Fast Money.” “They’re fatally flawed.”
Eulogy made by Paul Donovan
Disclaimer
Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
99Bitcoins may receive advertising commissions for visits to a suggested operator through our affiliate links, at no added cost to you. All our recommendations follow a thorough review process.
99Bitcoins may receive advertising commissions for visits to a suggested operator through our affiliate links, at no added cost to you. All our recommendations follow a thorough review process.
Top Stories
Free Bitcoin Crash Course
- Enjoyed by over 100,000 students.
- One email a day, 7 days in a row.
- Short and educational, guaranteed!
Why you can trust 99Bitcoins
10+ Years
Established in 2013, 99Bitcoin’s team members have been crypto experts since Bitcoin’s Early days.
90hr+
Weekly Research
100k+Monthly readers
50+
Expert contributors
2000+Crypto Projects Reviewed
Follow 99Bitcoins on your Google News Feed
Get the latest updates, trends, and insights delivered straight to your fingertips. Subscribe now!
Subscribe now 
When moon?