{"id":339965,"date":"2017-12-18T01:29:05","date_gmt":"2017-12-18T00:29:05","guid":{"rendered":"http:\/\/rinf.com\/alt-news\/newswire\/prison-planet-com-ubs-chairman-warns-of-bitcoin-bubble\/"},"modified":"2017-12-18T01:29:05","modified_gmt":"2017-12-18T00:29:05","slug":"prison-planet-com-ubs-chairman-warns-of-bitcoin-bubble","status":"publish","type":"post","link":"http:\/\/rinf.com\/alt-news\/newswire\/prison-planet-com-ubs-chairman-warns-of-bitcoin-bubble\/","title":{"rendered":"Prison Planet.com \u00bb UBS chairman warns of \u2018bitcoin bubble\u2019"},"content":{"rendered":"<div>\n<p>      <!-- START CONTENT --><\/p>\n<p><a href=\"https:\/\/www.swissinfo.ch\/eng\/latest-call_ubs-chairman-warns-of--bitcoin-bubble-\/43761138\"><strong>Swiss Info<\/strong><\/a><br \/>December 17, 2017<\/p>\n<p class=\"lead-text\"><strong>Axel Weber, the board chairman of big bank UBS, has warned of a possible Bitcoin currency crash. With increasing numbers of small investors jumping on the cryptocurrency bandwagon, it is time for regulators to intervene, he says.<\/strong><\/p>\n<p>Bitcoin\u00a0has surged from $1,000 (CHF9,900) at the start of the year to above $20,000.<\/p>\n<p>The risks are due to a design fault, which leads to huge currency swings in both directions, Weber said in an <a href=\"https:\/\/nzzas.nzz.ch\/wirtschaft\/bitcoins-sind-fuer-mich-kein-geld-ld.1340224?reduced=true\" rel=\"external\">interview with the NZZ am Sonntag<span class=\"show-for-sr\">external link<\/span><\/a>. \u201cWe as a bank have very consciously warned against this product, because we do not consider it valid and sustainable,\u201d said Weber.<\/p>\n<p>As small investors are getting involved, the financial regulator should get involved to ensure that uncontrolled price swings are reined in, he added.<\/p>\n<p><a href=\"https:\/\/www.swissinfo.ch\/eng\/latest-call_ubs-chairman-warns-of--bitcoin-bubble-\/43761138\">Read more<\/a><\/p>\n<p><iframe loading=\"lazy\" width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/7KSgs8oUu2Y\" frameborder=\"0\" gesture=\"media\" allow=\"encrypted-media\" allowfullscreen=\"\"><\/iframe><\/p>\n<p>      <!-- END CONTENT --><\/p>\n<p style=\"color:#333; font-size:11px;\">This article was posted: Sunday, December 17, 2017  at  6:56 am<\/p>\n<hr class=\"dotted_line\"\/>\n<hr class=\"dotted_line\"\/><!-- share and follow --><br \/>\n      <!-- end of share and follow --><\/p>\n<div class=\"print_sub\">\n<h3 class=\"sub_titles\">&#13;<br \/>\n        \t<a href=\"https:\/\/www.prisonplanet.com\/ubs-chairman-warns-of-bitcoin-bubble.html\/print\/\" title=\"Print\" rel=\"nofollow\"><img decoding=\"async\" class=\"WP-PrintIcon\" src=\"https:\/\/hw.prisonplanet.com\/wp-content\/plugins\/wp-print\/images\/printer_famfamfam.gif\" alt=\"Print\" title=\"Print\" style=\"border: 0px;\"\/><\/a><br \/>\nPrint this page.<\/h3>\n<\/p><\/div>\n<hr class=\"dotted_line\"\/>\n<hr class=\"dotted_line\"\/>\n<p><!--\n      \n\n<div class=\"nextpage\">\n              <\/div>\n\n \n -->    <\/p>\n<p><!--\n<iframe loading=\"lazy\" width=\"600\" height=\"338\" src=\"https:\/\/www.youtube.com\/embed\/Gm2pZEeYN0E?list=UUvsye7V9psc-APX6wV1twLg\" frameborder=\"0\" allowfullscreen><\/iframe>\n--><\/p><\/div>\n<p><a href=\"http:\/\/www.prisonplanet.com\/ubs-chairman-warns-of-bitcoin-bubble.html\">Read more<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Swiss InfoDecember 17, 2017 Axel Weber, the board chairman of big bank UBS, has warned of a possible Bitcoin currency crash. With increasing numbers of small investors jumping on the cryptocurrency bandwagon, it is time for regulators to intervene, he says. Bitcoin\u00a0has surged from $1,000 (CHF9,900) at the start of the year to above $20,000. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[519],"tags":[],"class_list":{"0":"post-339965","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-newswire"},"_links":{"self":[{"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/posts\/339965","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/comments?post=339965"}],"version-history":[{"count":0,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/posts\/339965\/revisions"}],"wp:attachment":[{"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/media?parent=339965"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/categories?post=339965"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/tags?post=339965"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}