The U.K.’s largest retail investment platform, Hargreaves Lansdown, warns that Bitcoin is too risky for investors due to its extreme volatility and lack of intrinsic value. This statement comes as the Financial Conduct Authority overturns a ban on retail trading of cryptocurrency exchange-traded notes. However, Hargreaves Lansdown will take time to evaluate offering cryptocurrency ETNs to clients. Despite skepticism from CEO Jamie Dimon of JPMorgan Chase, institutions like BlackRock are increasingly embracing cryptocurrencies, with CEO Larry Fink acknowledging a role for crypto similar to gold. The trend suggests a growing institutional interest in digital assets.

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