Bitcoin is ‘not an asset’ and has ‘no intrinsic value,’ says $225 billion investment company

Why This Matters

HL is the third large financial institution to remind customers recently that crypto might be based on nothing, following Deutsche Bank and Elliott Management.

October 10, 2025

02:37 PM

3 min read

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Key Insights

The Federal Reserve's actions could influence market sentiment across sectors
Financial sector news can impact lending conditions and capital availability for businesses
Consumer sector trends provide insights into economic health and discretionary spending patterns

Questions to Consider

How might the Fed's policy stance affect borrowing costs and economic growth?
Could this financial sector news affect lending conditions and capital availability?
What does this consumer sector news reveal about economic health and spending patterns?

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