UBS: Bitcoin Is Too “Unstable and Limited” to Function as Money ByMuyao ShenPRO INVESTOR Updated: 09 August 2021 DisclosureWe sometimes use affiliate links in our content, when clicking on those we might receive a commission – at no extra cost to you. By using this website you agree to our terms and conditions and privacy policy. UBS doesn’t believe bitcoin constitutes money or a viable asset class yet, but it could in the future.