According to the source, British investment platform Hargreaves Lansdown warned clients to avoid Bitcoin and said crypto has "no intrinsic value" (source: Hargreaves Lansdown). The stance aligns with the UK Financial Conduct Authority’s classification of cryptoassets as high risk and its ban on selling crypto derivatives and ETNs to retail investors, which limits mainstream brokerage channels for BTC exposure in the UK (source: Financial Conduct Authority). As a result of FCA rules and broker guidance, retail BTC-GBP flows via regulated UK brokers remain constrained, keeping spot crypto exchanges as the primary access route for UK participants (source: Financial Conduct Authority).

According to the source, Hargreaves Lansdown warned clients not to buy Bitcoin (BTC) (source: Hargreaves Lansdown client communication as referenced by the source). Traders should confirm whether the firm’s guidance implies any platform-level limitations or added suitability checks that could affect access to BTC spot or crypto ETPs in the UK, especially under the FCA’s cryptoasset financial promotions regime effective October 2023 (source: UK Financial Conduct Authority cryptoasset financial promotions rules; Hargreaves Lansdown service disclosures).

According to @FarsideUK, Bitcoin’s intrinsic value stems from enabling peer-to-peer electronic payments without reliance on a credit relationship with a financial intermediary, countering HLInvest’s stance that Bitcoin has no intrinsic value (source: Farside Investors on X, Oct 10, 2025; Hargreaves Lansdown crypto statement on hl.co.uk). This core function is explicitly defined in the Bitcoin whitepaper as a peer-to-peer electronic cash system, providing a non-intermediated settlement mechanism that market participants can incorporate into valuation frameworks and trading theses (source: Bitcoin Whitepaper by Satoshi Nakamoto, 2008; Farside Investors on X, Oct 10, 2025). Farside’s post directs attention to HLInvest’s published crypto statement for UK clients, which frames how the asset class is presented to retail investors and is relevant context when assessing access routes and risk disclosures around BTC exposure (source: Farside Investors on X, Oct 10, 2025; Hargreaves Lansdown crypto statement on hl.co.uk).

According to @business, JPMorgan plans to launch a UK DIY retail investment platform next year, positioning it in direct competition with Hargreaves Lansdown and AJ Bell. Source: Bloomberg (@business), Oct 1, 2025. The announcement did not mention crypto or digital asset offerings, so there is no stated impact on BTC or ETH access for UK retail investors at this stage. Source: Bloomberg (@business), Oct 1, 2025.

According to BitMEX Research, even when Bitcoin's price was down last week, Hargreaves Lansdown, a leading UK trading platform, listed MicroStrategy ($MSTR) as its second top buy after a tax-efficient gilt. This trend is partly attributed to the UK Financial Conduct Authority's (FCA) retail ban on Bitcoin Exchange Traded Products (ETPs), which has been a significant factor in increasing the demand for MSTR and subsequently driving up Bitcoin's price.