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Instant gains from cryptocurrency? Not if you’re a big name

There is little that bodes well for those financial institutions that have played their crypto cards early

Those taking an interest now should not assume their investments will generate much of a return. Not for a while anyway.
Those taking an interest now should not assume their investments will generate much of a return. Not for a while anyway. Photo: Stuart Minzeye / Photodisc / Getty Images

Stay away from it. It’s a mirage.” That’s what none other than Warren Buffet thinks of the bitcoin boom.

Except despite all the uncertainty and scepticism surrounding the trading of cryptocurrencies, recent moves suggest many of banking’s biggest names are in no way deterred from cashing in on the crypto craze.

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