TrustVerse is a South Korea based wealth management platform, founded by Jeong Ki-wook who is also a former executive of Cisco. Now according to CCN, an interview has been conducted with him by ZDNet Korea, where Jeon stated that cryptocurrencies are potentially safe haven assets. However, solutions must be applied to minimize the high risk factor of these investments as at the moment the crypto market is very volatile and digital assets are not suitable for everyday payments yet. If these can be resolved, these markets will be where a huge percent of the population will stash its savings according to Jeong.

If we take a closer look, it is clear that the adoption of cryptocurrencies has been growing significantly. Individuals and merchants start to realize the potential of these markets, and with doing so, we believe that the market will become a lot more stable. Once it has reached a maintainable stability level no doubt that even more businesses will adopt cryptocurrencies as a payment method. And the circle will keep on moving with the more people use them, the more stable it will eventually become.

When we look at it investment wise, of course they are really risky investment opportunities currently, but on the other hand, high risk usually means high reward with digital assets in most cases. Making 40% gains in an asset like digital currencies is very possible, just as much as loosing 40%.

Regarding the importance of finding a digital asset that can provide a solution for everyday payments we could not agree more. There are already many coins, which wish to fulfill this task, but some may need the proof of time first. Some believe BTC will become eventually the one and only coin that will be utilized for everyday payments, on the other hand some believe that it is just not suitable to do so, hence the creation of alternatives like BCH, LTC or alternative technologies like former XRB, now NANO and IOTA, which provide intant and zero fee transactions with no inflation.

Doesn’t matter how we look at it, eventually these kind of concerns are all going to be sorted out and there won’t be any more doubt that cryptocurrencies are one of the best investments of our time.