Merrill Lynch blocks bitcoin amid fear that the bubble could pop

In what may be a prudent move, Merrill Lynch has barred customers and financial advisers who make transactions for them from buying bitcoin. That’s bound to disappoint some customers: Bitcoin’s price climbed 14-fold in 2017. Individual retail traders are flooding apps that make it easy to buy and sell things like ethereum or bitcoin. Coinbase, one of the biggest US crypto exchanges, is Apple’s No. 2 finance app, with more than 440,000 ratings. MyMerrill for iPhone comes in at No. 199, with 49 ratings.
Read more: https://qz.com/1171366/merrill-lynch-blocks-its-financial-advisers-from-dealing-in-bitcoin/?source=Snapzu