By Aaron Michael C. Sy, Reporter
MORGAN SPENCER C. YAO, 26, is holding back on cryptocurrency investment amid volatile markets stemming from a global trade war.
“The crypto market follows the tech market, which is affected by investors’ outlook on the economy, which has been on the downside lately because of tariffs,” he told BusinessWorld. “Tech stocks are very speculative.”
Arlone P. Abello, executive director and founding chairman of the Innovative Movement of The Philippine Association of Crypto Traders (IMPACT) and chief executive officer (CEO) at Global Miranda Miner Group, said Filipino crypto investors have turned “cautiously bullish” since US President Donald J. Trump took office in January.
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