You are here


Cryptocurrencies are for gamblers, not investors

Cryptocurrencies' prices in real money are too volatile to make them useful for measuring value.

ON Dec 19, 2017, the Monetary Authority of Singapore (MAS) advised caution over cryptocurrencies. For me, as a professional economist, cryptocurrencies are mostly about entertainment, the excitement I get from seeing their price go up and down. They are certainly not money. I see no reason to...

Market voices on: