Malaysians Still Interested in Buying Cryptocurrency

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Despite the bearish trend in crypto markets this year, Malaysians seem to be more interested in acquiring cryptos, mainly for speculative purposes, than selling the digital coins. The prices of most cryptocurrencies have fallen significantly since last year’s all-time highs but demand for cryptocurrencies in the country remains strong and encouraging, according to Yusho Liu, co-founder of crypto exchange Coinhako.

“The buy side is still very robust. Generally, there have been more buyers than sellers over the years. The more people know about it, the more they will be interested in buying into the future,” he told the local outlet Sun Biz. The entrepreneur shared his observations that most clients of his platform buy and hold digital assets and the participation of mainstream traders has increased in the past six to nine months. “In the long run, we’re still bullish on cryptocurrencies,” Yusho Liu stated.

Source: News.Bitcoin.com