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The Queen's bank, Coutts, has no plans to invest in bitcoin because it is backed by 'nothing but sentiment'

The Queen's bank, Coutts, has said it has no plans to invest in bitcoin, since cryptocurrencies have "nothing but sentiment" behind them. The bank said cryptocurrencies are vulnerable to government sanctions and could be a "bubble." Bitcoin surpassed $12,000 on Wednesday, an all time high, after a week of ups and downs. LONDON — Private bank Coutts said on Wednesday it has no plans to invest in bitcoin because the cryptocurrency has "nothing but sentiment" behind it.
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