The cryptocurrency Luna was valued at an all-time high of US$119 in April 2022, before crashing to below US$1 in May. Lai Yuen, 25, a fresh graduate who was co-president of the NUS Fintech Society and a crypto investor, saw his portfolio lose a six-figure value - approximately the cost of a sedan car in Singapore.

He talks about what this taught him, in hindsight - and why despite expected regulatory clampdowns and market wariness,he thinks there’s still a future in crypto investing particularly for younger folks like himself.

00:32 Why stablecoin collapse was a shock
01:10 I ignored safety limits and warning signs
02:11 3 lessons for investors
03:32 A future for crypto?

More on Money Mind: Tips for investors, business ideas for businessmen and comments on the economy, markets, companies, financial products, and trends. https://www.youtube.com/playlist?list=PLkMf14VQEvTZgHFM-uTxXiJ1Fll4SwL4y

#CNA #MoneyMindCNA #Crypto #TerraLuna #Cryptocurrency

ALSO WATCH:
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Why Governments Are Looking Closely At Cryptocurrency Transactions: https://youtu.be/vcWavjqSSvE
Why Crypto Exchanges Are Here To Stay: Binance CEO, Changpeng Zhao (CZ): https://youtu.be/-1D3Arvu0Gg


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