{"id":17530,"date":"2021-11-09T19:00:00","date_gmt":"2021-11-09T11:00:00","guid":{"rendered":"https:\/\/www.comparehero.my\/blog\/uncategorized\/invest-in-cryptocurrency-during-pandemic-malaysia.html"},"modified":"2026-03-26T16:00:28","modified_gmt":"2026-03-26T08:00:28","slug":"invest-in-cryptocurrency-during-pandemic-malaysia","status":"publish","type":"post","link":"https:\/\/www.comparehero.my\/blog\/investments\/invest-in-cryptocurrency-during-pandemic-malaysia.html","title":{"rendered":"#InvestInsights: Should You Invest In Cryptocurrencies Post COVID-19? Experts Weigh In"},"content":{"rendered":"\n

What is a cryptocurrency and how does it actually work in Malaysia? The COVID-19 pandemic recession is expected to hit soon. Investing during this period can bring you financial benefits, but is it a good idea to invest in Bitcoin? Read more to find out.<\/strong><\/p> \n

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Across the globe, cryptocurrencies have always been a polarizing topic among investors from all ends of the investing spectrum. On one end, you have those who swear by it, and on the other, investors who avoid it like the plague, take this writer in an article on the Guardian<\/a>.<\/p> \n

But as exciting as Bitcoin sounds, it\u2019s still on the fringes in the investment world. In order to paint a more accurate picture of cryptocurrencies, we did our own research to find out its true values, the benefits and drawbacks, the return on investment, and overall sustainability.<\/p> \n

We spoke to experts across different crypto aisles to weigh in on this contentious topic and to help us better understand the overall value of cryptocurrencies.<\/p> \n

The cryptocurrency landscape in Malaysia and beyond<\/h2> \n

The rise of digital transformation across global industries has paved the way for some of the most avant-garde innovations like insurtech, crowdfunding platforms, digital banks, as well as alternative conduits of capital like cryptocurrencies.<\/p> \n

Since its introduction, the cryptocurrency industry has taken the world by storm, with the crypto market soaring over $US200 billion<\/a> (RM836 billion), and sparking public discourse with over 300 academic articles published<\/a> on various aspects of Bitcoin and other cryptocurrencies.<\/p> \n

This massive paradigm shift is further translated into the number of people who invest in it.  According to a study found on Statista, over 50 million blockchain wallets<\/a> had been set up globally since the end of June 2020. While a slightly older survey<\/a> reveals that 17.21% of millennials own cryptocurrency compared to 2.24% baby boomers.<\/p> \n

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SINEGY was established by the founding team and angel investors in George Town, Penang. (Image source: Chuah\u2019s Twitter<\/a>) <\/em><\/p> \n

Closer to home, digital assets are still considered a niche subject in Malaysia when compared to more mature markets in different parts of the world, said Kelvyn Chuah, Managing Director of SINEGY.  \u201cNevertheless, it is encouraging to see many  Malaysians picking up investment literacy to understand digital assets. Every day, we are gathering more enquiries about digital assets from people of all walks of life,\u201d he told CompareHero.my.<\/p> \n

Aaron Tang, Country Manager of Luno believes that cryptocurrency is growing rapidly in Malaysia. \u201cMillions of Ringgit are traded on a daily basis from the ‘early adopter’ Malaysians. That being said, probably more than 98% of Malaysians still haven\u2019t gotten their first taste of cryptocurrencies, so we still have a lot of work to do in education,\u201d he told CompareHero.my.<\/p> \n