Park Hyeon-joo, chairman of Mirae Asset Group and its global strategy officer, warned that investing in cryptocurrency with borrowed money can be “almost ruinous.” Speaking on August 26 at the Four Seasons Hotel in Seoul’s Jongno district during a meeting with DigitalX employees, he said cryptocurrency should account for about 10% of an investor’s total assets and that borrowing to buy highly volatile assets should be avoided across both crypto and stocks. Park said Mirae Asset is pursuing diverse investments globally and would show clients that strong returns can come through avenues beyond coins. He also advocated treating stock investing like venture investing, with a focus on long-term growth, and cited SpaceX as an example of a company Mirae Asset has invested in.