"Hardly anyone made money with Bitcoin. It's almost to the point of ruin."
On the 26th at the Four Seasons Hotel in Jongno District, Seoul, Mirae Asset Group Chairman Park Hyeon-joo said this while meeting with executives and employees of DigitalX (formerly Korbit).
Park said, "I don't understand why people even take out loans to do it (invest in Bitcoin)," adding, "You shouldn't do stocks like that either. No asset should be traded that way."
Park then said, "Mirae Asset will make a wide range of investments globally," and added, "For customers who like coins, we will show as a demo that there are other ways to earn a lot of profits besides this."
He went on, "Do only about one-tenth (in coin investing), and we will say there is another path."
Park also said, "Stocks should be done like venture investing." Park said, "Isn't there no company (besides Mirae Asset) that holds SpaceX equity?" and added, "Even if there are losses, they should be borne resolutely at Mirae Asset."
Park also expressed his intention to grow DigitalX. Park said, "I hope DigitalX grows into a global investment platform," adding, "We carried out a capital increase of 50 billion won, and we are going to do another in-kind capital increase." Park added, "Going forward, we will raise capital of 200 billion to 300 billion won from strategic investors, and depending on the situation, we are considering boldly giving customers who transact on DigitalX a chance to participate in the capital increase."
Park also said, "There are a lot of things virtual-asset exchanges should be scolded for." Park said, "Virtual-asset exchanges listed altcoins (coins other than Bitcoin) without hesitation," adding, "There are 300 just on Korean exchanges, and I think they scammed people with this."
He continued, "I don't think you came to a virtual-asset exchange to do that kind of work after graduating from good universities," and said, "Let's look at reality coolly and fix what needs to be fixed."
Earlier, Mirae Asset Consulting, an affiliate of Mirae Asset Group, invested about 141.4 billion won last month to secure 97.15% equity in Korbit. It later changed its name to DigitalX.