Investors should exercise caution when trading cryptocurrencies and prepare for risks as the market is entering a bull run year in 2024, says Suppakrit Boonsat, director of Thai Digital Asset Association.
Mr Suppakrit, also a founder of digital asset education organisation Bitcast, said that cryptocurrencies have been gaining in value recently, attracting many investors who want to cash in on an anticipated bull run in the industry this year.
The price of Bitcoin surged past US$50,000 after spot Bitcoin exchange-traded funds (ETFs) were approved by the US regulator earlier this year.
As transaction volume is expected to surge, Bitcast recommends investors keep digital assets in a hardware wallet to cope with…
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