Cryptocurrencies Are The Asset of These Times

Thought you knew what an asset is? Unprecedented times are fostering unconventional ideas about the very essence of our financial existence, including what is characterized as an asset.

For all intents and purposes, Tony Chung led a privileged life. Chauffeured to school in his own Daimler, his afternoons were spent whiling his time away at the Singapore Cricket Club.

Throughout the 1930s, Chung’s father ran a prosperous business, supplying the British troops that were garrisoned in the island fortress of Singapore with the creature comforts of home, Chung senior had made his family fabulously wealthy in the process.

But even before the ink had dried on the documents of surrender, as the British, who were thought to be undefeatable, ceded control over Singapore to the invading Japanese, Chung knew that the idyllic life of his past was effectively over.

As the Japanese took over Singapore, almost overnight, the cost of even the most basic items skyrocketed.

Once treasured British pounds were now worthless pieces of paper, no more useful in Singapore…