The recent crash in the broader crypto market, which saw Bitcoin (BTC) plummet to as low as $102,000 on Friday, has ignited renewed criticism, leading to a cautionary statement from Hargreaves Lansdown (HL), the largest retail investment platform in the UK, which manages approximately $225 billion in assets.

Bitcoin As Non-Asset Class?

The firm issued a stark warning to its clients, advising them to steer clear of Bitcoin. HL emphasized that the cryptocurrency holds “no intrinsic value” and should not be included in their life savings or retirement strategies.

In a statement, HL acknowledged that while Bitcoin has delivered positive long-term returns, it has also undergone extreme volatility, making it a riskier investment compared to traditional assets like stocks and bonds.

The

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