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Sunday, April 28, 2024

Investor interest in digital assets reignited

A representation of Bitcoin is seen in an illustration. Cryptocurrency investments have soared since the banking crisis erupted in the US. (Photo: Reuters)

Digital assets have increased their appeal to investors with the economy on the verge of a recession, with Bitcoin offering the highest returns year to date, experts say.

Merkle Capital, Thailand’s first digital asset fund, said the current price of Bitcoin is not particularly high, therefore investors would be able to invest in it gradually. The price range is expected to reach US$25,000-30,000 in the second quarter.

However, cryptocurrency investment is exposed to some degree of risk given the intense regulatory scrutiny, while the gaming segment is sluggish at the moment,…

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