City regulator the Financial Conduct Authority (FCA) said demand for digital coins such as bitcoin has increased this month as turmoil in the banking sector wreaked havoc on global markets.

And in a stark warning to investors, the regulator's spokesman dubbed crypto a 'high-risk investment' and told the Mail: 'If you decide to buy crypto, then you should be prepared to lose all your money.'

Experts also warned savers not to put 'all their eggs in the crypto basket' as the banking downturn fuels the bitcoin rally.

——————

You only make such statements when you fear for your survival. Sounds like things are really, really bad for the fiat banking system.