JAKARTA - A seasoned investor in the capital market, Lo Kheng Hong has his own view on investing in crypto assets. He admitted that he was reluctant to invest in crypto assets for several reasons.
"I don't invest in crypto and I don't regret it, I don't dare to invest in crypto, because if I buy shares there are companies that go along with it," said the man who is familiarly called Mr. Lo in a broadcast published by Syailendra Capital, quoted on Tuesday, January 11.
"For example, if I buy Gajah Tunggal, the largest tire factory in Southeast Asia accompanies it, but if I buy crypto, there are no assets," added Warren Buffet, from Indonesia.
Mr. Lo admits that he is more comfortable investing in company shares that have physical assets. Meanwhile, according to him, crypto does not have an underlying asset that accompanies it.
In addition, he argues that crypto-assets carry a very high risk, although they also have the potential for high returns.
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"For me, I don't want to invest in high risk, high gain. I want low risk, high gain. I won't buy crypto," he said.
Mr. Lo said that from his 30 years of experience in the capital market, investing in stock instruments remains the best choice. Apart from stocks, he prefers to invest in property assets.
"In my head, stocks are the best choice," he concluded.
The English, Chinese, Japanese, Arabic, and French versions are automatically generated by the AI. So there may still be inaccuracies in translating, please always see Indonesian as our main language. (system supported by DigitalSiber.id)
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