‘Risk of TOTAL LOSS’ Deutsche Bank warns investors AGAINST cryptocurrency

‘Risk of TOTAL LOSS’ Deutsche Bank warns investors AGAINST cryptocurrency:

DEUTSCHE BANK has warned customers against investing in cryptocurrencies as one of its global heads has said: “We do not recommend it.”

Markus Müller, global head of the chief investment office at the firm, said he does not support the new trend of cryptocurrencies.The bank itself has criticised the high volatility and potential data theft cryptocurrencies bring with it.

Mr Müller said: “It is only for investors who invest speculatively. There is a realistic risk of a total loss.”

He went on to explain that he believes the recent price increases were due to a lot of imagination, driven by the current situation on the market.

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