Investors urged to be wary of digital assets
Market to remain on downward trend
A local cryptocurrency industry leader recommends suspending investment in digital assets as he expects the global market to face intense volatility in the near term from rate hikes and monetary policy tightening.
Poramin Insom, a founder of Satang Corporation, a cryptocurrency exchange operator, said three factors are determining the direction of the cryptocurrency market: interest rate hikes, inflation rates and US employment numbers.
He said all three factors are depressing market sentiment…
