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Hong Kong billionaire Calvin Lo reveals why he has no plans of investing in crypto

News Snapshot:

– R.E. Lee International CEO Calvin Lo, whom Forbes has estimated to have a net worth of $1.7 billion, revealed in an interview with Tatler Asia why he’s not investing in cryptocurrencies. – Lo said that a friend urged him to buy Bitcoin five years ago when it was still trading at $6,000, telling him it will eventually be valued at over $10,000. – “The volatility is attracting a lot of people but the same reason is deterring me,” Lo was quoted as saying. “I’m from an insurance background and I’m a bit cautious of something that looks too good…

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