Digital assets have great potential, but investors must be cautious about their proportion in their portfolios.

Bitcoin remains a worthwhile investment for the next five years.

Speaking at the seminar "The Appeal of Asset Classes" organized by the Finance and Investment Newspaper this morning (November 13), Mr. Nghiem Minh Hoang assessed that Bitcoin is still in a sustainable upward trend.

Mr. Nghiem Minh Hoang, Fintech Application Expert, Vietnam Blockchain and Digital Assets Association

Analyzing the market for cryptocurrencies not based on real assets (e.g., Bitcoin, Ethereum...), Mr. Nghiem Minh Hoang stated that this type of asset is increasingly being held by governments and large investment funds - including large public companies worldwide - such as the US government, China, and BlackRock ( the world's largest asset management company ).

In other words, Bitcoin is increasingly being widely accepted by governments and large companies around the world. "In the medium term (3-5 years), Bitcoin remains a worthwhile investment, while in the short term, which investment channel to optimize returns depends heavily on each individual's investment strategy. For me, my 2026 investment portfolio will be 50% real estate, 30% stocks, and 20% cryptocurrencies because although cryptocurrencies are very promising, the risks are always higher than other asset classes," Mr. Hoang said.

In Vietnam, the legalization of cryptocurrencies opens up many opportunities for investors. According to statistics from many international organizations, Vietnam ranks among the top countries in the world in terms of cryptocurrency awareness, with 15% of the population having cryptocurrency accounts, indicating the enormous potential and prospects of this market.

The Government's issuance of Resolution No. 05/2025/NQ-CP on the pilot implementation of the cryptocurrency market in Vietnam not only helps to manage the market healthily, prevent tax evasion, and open up great opportunities for individual investors, but also opens up opportunities to attract international capital for businesses.

According to Resolution 05/2025/NQ-CP, Vietnamese businesses are allowed to issue crypto assets (not securities or fiat currency) to foreign investors through organizations licensed by the Ministry of Finance (domestic investors are not allowed to purchase tokens issued by businesses).

Mr. Hoang believes that the pace of tokenization of real assets will accelerate in the coming period, opening up opportunities for businesses to raise large amounts of capital. This expert hopes that the government will become more "open," allowing domestic investors to participate in purchasing tokens issued by businesses to increase market liquidity, thereby better attracting foreign capital.

The first cryptocurrency exchanges will open in Q1 2026, but the risks remain significant.

Mr. Nguyen Minh Hoang expects that five cryptocurrency exchanges will be licensed in the first quarter of 2026. The pioneering entities establishing the first cryptocurrency exchanges will have the advantage of "setting the game." However, the challenges facing these exchanges are also significant; recently, a securities company had to withdraw from this market.

"The requirements for establishing a cryptocurrency exchange are very strict, from charter capital and IT infrastructure (which must meet level 4 standards) to management personnel... Of course, most entities participating in this game have large resources and strong personnel, so these barriers are not a major challenge. However, the issue of management experience and human risk remains very significant. Even when cryptocurrency exchanges meet the capital and technology requirements, the risks are still very high. The hacking of the Bybit exchange for nearly $1.5 billion earlier this year is a prime example," Mr. Hoang warned.

Regarding the prospects of the Vietnamese cryptocurrency market when cryptocurrency exchanges become operational in 2026, Mr. Hoang believes it is difficult to assess the reaction of domestic investors as well as the level of interest from foreign investors. Only when the exchanges officially begin operating will we know whether domestic investors are ready to list their cryptocurrencies and how foreign investors will react. However, the expert expressed optimism about the Vietnamese digital asset market.

Source: https://baodautu.vn/tai-san-so-rat-tiem-nang-song-nha-dau-tu-phai-de-chung-voi-ty-trong-trong-danh-muc-d433703.html