Dame Helena Morrissey, one of the City’s most influential figures, has warned that while cryptocurrencies have got more people talking about their finances, adopting an ‘American’ culture towards investing risks tilting consumers towards speculative assets.

Morrissey was recently appointed as the next chair of AJ Bell, a UK investment platform that has benefited from the surge in appetite seen on both sides of the Atlantic as time-rich consumers looked to stocks and shares trading as a way to bolster their wallets during the pandemic.