Posted : 2021-04-30 21:34
Hyundai Card Vice Chairman Chung Tae-young / Courtesy of Hyundai CardBy Anna J. Park
Hyundai Card Vice Chairman Chung Tae-young recently revealed his take on cryptocurrency trading, saying it is more like a "blind investment" due to its fragile relevance to any real references.
In a Facebook posting uploaded Thursday, Chung said he's been asked frequently about his view on the matter and would like to share his opinion.
First off, Chung said he cannot agree with the general view that cryptocurrencies are unstable because they're not issued by central government authorities. He argued that just as ore, oil and crops could be an object of investment even though they're not centrally issued or centrally controlled, cryptocurrencies can still have relevance as an object of investment.