Billionaires Shift to New Asset Classes as Digital Assets Shrink
As the cryptocurrency market goes into a decline, jewellery investments becomes a new way to improve your portfolio.
The post Billionaires Shift to New Asset Classes as Digital Assets Shrink appeared first on LUXUO.
Image: Calvin Lo
The world’s richest man, Elon Musk, has been heavily involved in all kinds of digital asset initiatives. He remains inextricably linked to cryptocurrency through his actions, being one of the first people to invest in Bitcoin in early February 2021. Shortly after, the gradual rise and popularity of cryptocurrency eventually led to the creation of Non-Fungible Tokens (NFTs), leading to multiple major international brands and independent artists creating their own digital asset. Soon enough, the cryptocurrency market was flooded with these valuable collectibles.
However, recent occurrences have shown that just like their physical counterparts, digital assets, too, carry risks and can lose value as easily as anything else. No matter how popular digital investments became, no sensible investor saw them as the future of their entire portfolio. Responding to the high-risk situation, individuals like Hong Kong billionaire, Calvin Lo, sought out new investment opportunities with a more tangible asset, such as his recent venture into rare, highly collectable jewellery.
The Legacy Jewellery Fund
Calvin Lo ? an elusive, high-net-worth investor with an inclination towards privacy ? has made a career out of being invisible. However, his r...
The post Billionaires Shift to New Asset Classes as Digital Assets Shrink appeared first on LUXUO.
Image: Calvin Lo
The world’s richest man, Elon Musk, has been heavily involved in all kinds of digital asset initiatives. He remains inextricably linked to cryptocurrency through his actions, being one of the first people to invest in Bitcoin in early February 2021. Shortly after, the gradual rise and popularity of cryptocurrency eventually led to the creation of Non-Fungible Tokens (NFTs), leading to multiple major international brands and independent artists creating their own digital asset. Soon enough, the cryptocurrency market was flooded with these valuable collectibles.
However, recent occurrences have shown that just like their physical counterparts, digital assets, too, carry risks and can lose value as easily as anything else. No matter how popular digital investments became, no sensible investor saw them as the future of their entire portfolio. Responding to the high-risk situation, individuals like Hong Kong billionaire, Calvin Lo, sought out new investment opportunities with a more tangible asset, such as his recent venture into rare, highly collectable jewellery.
The Legacy Jewellery Fund
Calvin Lo ? an elusive, high-net-worth investor with an inclination towards privacy ? has made a career out of being invisible. However, his r...
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