On January 27, Hubbis presented a Digital Dialogue event focusing on the rapidly evolving world of digital assets, from cryptocurrencies to digital coins and tokens. Our panel of experts centred their attention on the evolution of this market segment – which is constantly expanding and with increasing energy – and put into context why Asia’s private clients might be considering investing in these markets, and if so, what they might think about buying, and how. Many investors might have already dabbled their toes in the Bitcoin ocean, or maybe taken a bigger plunge across other cryptocurrencies, as well as possibly trying their hand at Non-fungible Tokens (NFTs) and the expanding universe of Decentralised Finance (DeFi). And it goes without saying that all these elements have of course been turbocharged by investors seeing the incredible performance of Bitcoin in the past year, even though since the November 2021 high, cryptocurrencies have slumped very significantly. It is fair to report that some private banks and wealth management firms remain sceptical about cryptocurrencies, citing their inability to link their prices to any fundamentals whatsoever. But there are other private banks – and some of these include the oldest brands in the business – and plenty of EAMs and MFOs that believe that digital assets are part of our collective futures. These banks and firms believe that their private clients should not only understand more about digital assets, but they should actively participate by building some exposures in order to understand more about buying, storing, custody, and, of course, the vicissitudes of market pricing and volatility. The experts on the panel also analysed how the diversification of the digital assets universe is moving in line with the rapid development of the evolution towards a professional, more institutional level market infrastructure and ecosystem, and held out some hope that the regulators around the globe might gradually come together and provide a more comprehensive regulatory vision for the future of digital assets in all their forms.
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