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First Mover: Why Wells Fargo Won't Recommend Bitcoin to Clients

A Wells Fargo unit doesn't recommend bitcoin to clients because they can't yet hold cryptocurrency in their accounts. What if that changed?   

By Bradley Keoun, Omkar Godbole, Sebastian Sinclair
Updated Sep 14, 2021, 10:40 a.m. Published Dec 9, 2020, 1:54 p.m.
Wells Fargo clients can't buy cryptocurrencies in their accounts, keeping them from taking part in this year's outsize bitcoin rally.
Wells Fargo clients can't buy cryptocurrencies in their accounts, keeping them from taking part in this year's outsize bitcoin rally.