Crypto collapse reinforces asset owners’ scepticism

The $40 billion collapse in the Terra Luna stable currency platform in May was a major setback for cryptocurrencies and digital assets in Asia. For some investors though, it merely showed that they have been right to not consider any exposure amid the crypto craze — when there were hopes that the alternative currencies could have been used as a hedge against inflation. Ben Samild, Future Fund “Cryptocurrencies haven’t acted like a store of wealth value nor a medium of ex…