Gold falls from US$3,500, yield curve flattens: What’s next for commodities, Bitcoin and bonds?

Gold falls from US$3,500, yield curve flattens: What’s next for commodities, Bitcoin and bonds?

Treasury Secretary Scott Bessent’s comments on an expected de-escalation in the US-China tariff standoff, coupled with President Donald Trump’s confirmation that he will not seek to remove Federal Reserve Chair Jerome Powell, have injected a dose of stability into markets reeling from recent turbulence.

Meanwhile, equity markets, particularly in the US, Hong Kong, and Japan, have rallied on hopes of trade resolutions, with standout performances from companies like Tesla. In the foreign exchange markets, the US dollar has staged a rebound, while commodities like gold have pulled back from record highs, and the fixed-income market shows signs of a flattening yield curve.

These developments, set against the International Monetary Fund’s (IMF) warnings of slowing global growth due to US tariffs, paint a picture of an interconnected world navigating uncertainty with cautious hope. Below, I offer my perspective on these macroeconomic, equity, currency, commodity, and fixed-income trends, grounded in the latest data and market signals.

As articulated by Bessent, the prospect of de-escalating US-China trade tensions is a pivotal development that could reshape global markets. Bessent’s assertion that the current tariff standoff—marked by US tariffs on Chinese goods at 145 per cent and China’s retaliatory duties at 125 per cent—is “unsustainable” reflects a pragmatic recognition of the economic toll on both nations. His comments at a closed-door JPMorgan Chase investor summit sparked a 2.5 per cent surge in the S&P 500, signalling market relief at the possibility of reduced trade frictions.

However, skepticism from sources like Fox Business Network’s Charles Gasparino, who suggested Bessent’s optimism may be overstated, underscores the challenges ahead. As Bessent noted, negotiations with China are likely to be a “slog,” with no formal talks yet underway. The US-China trade war has already disrupted global supply chains, fuelled inflation, and contributed to the IMF’s downward revision of global growth to 2.8 per cent for 2024 and US growth to 1.8 per cent for 2025.

A de-escalation could alleviate some of these pressures, but the path forward is complex. China’s vow to “fight until the end” and its recent 84 per cent tariffs on US goods suggest a hardline stance, though Bessent argues China holds a “losing hand” due to its export-heavy reliance on the US market.

I am cautiously optimistic: while both sides have incentives to negotiate—China to protect its export-driven economy and the US to curb inflation and market volatility—the entrenched positions and domestic political pressures on both leaders could delay meaningful progress. As noted by Politico, the White House’s reported progress on trade deals with Japan and India offers a potential blueprint for bilateral resolutions that could ease global trade tensions if applied to China.

Trump’s decision to retain Federal Reserve Chair Jerome Powell is a stabilising force for markets, particularly after months of public criticism from the president. Trump’s earlier calls for Powell to cut interest rates aggressively, including a social media post demanding, “CUT INTEREST RATES, JEROME, AND STOP PLAYING POLITICS,” had raised fears of political interference in monetary policy.

His confirmation that he has “no intention of firing” Powell, reported by Reuters, has calmed investor concerns about central bank independence, a cornerstone of US economic stability. Powell’s tenure has been marked by a cautious approach to inflation, which recently fell to 2.4 per cent in March 2025, below expectations of 2.6 per cent. This data, combined with Trump’s softened rhetoric, suggests the Federal Reserve can continue its data-driven approach without the spectre of political upheaval.

However, the IMF’s warning that US tariffs could reignite inflationary pressures complicates the Fed’s path. My take is that Powell’s retention is a net positive for markets, as it preserves institutional continuity and reduces the risk of abrupt policy shifts. Yet, Trump’s ongoing pressure for lower rates could create friction, especially if tariff-induced inflation forces the Fed to maintain or raise rates, potentially clashing with the administration’s growth agenda.

The US has seen a robust rebound in the equity markets, driven by optimism over trade negotiations and Bessent’s comments. The S&P 500’s 2.5 per cent climb, the Nasdaq 100’s 2.6 per cent rise, and the Dow’s 1,000-point gain reflect a market eager for positive signals amid recent volatility. The Cboe VIX Index, a measure of market fear, remains elevated at 31, indicating lingering uncertainty, but the rally suggests investors are betting on a softer US trade stance.

Tesla’s five per cent stock surge, fueled by renewed confidence in CEO Elon Musk’s focus on the company, is a standout. As a business leader and a vocal supporter of Trump’s policies, Musk’s influence has amplified Tesla’s market narrative, particularly as tariffs on Chinese electric vehicles could bolster domestic producers. In Hong Kong, the Hang Seng Index’s 0.8 per cent rise to 21,562, supported by China’s “national team” and retail investors, reflects resilience despite tariff pressures.

Japan’s Nikkei 225 and Topix indices, up over two per cent have been buoyed by Wall Street’s rebound and signals of easing US-China tensions and Japan’s private sector growth. In my opinion, these equity gains are fragile, hinging on the success of trade negotiations.

The IMF’s downgraded growth forecasts for the US, Mexico, China, and the Eurozone serve as a reminder that tariffs have already inflicted economic damage, and any misstep in diplomacy could reverse these gains. Investors should remain vigilant, as the market’s optimism may outpace the reality of protracted trade talks.

The foreign exchange market has seen a notable rebound in the US dollar, with the DXY index nearing 99.5, while the euro has slipped below 1.14. This dollar strength is likely driven by renewed confidence in US economic stability following Trump’s Powell decision and Bessent’s de-escalation comments. The dollar’s earlier 5.8 per cent decline in 2025, as reported by Reuters, reflected fears that tariffs would undermine US growth. Still, the rally suggests markets are reassessing the US as a relative safe haven.

The euro’s weakness, meanwhile, stems from the Eurozone’s exposure to US tariffs and internal divisions over retaliation strategies, with countries like France advocating for aggressive countermeasures and others, like Ireland, favouring restraint. The dollar’s rebound is temporary, as tariff-related uncertainties and global growth concerns could cap its upside. The euro’s decline may persist if the European Union fails to present a unified front, but a successful negotiation with the US could stabilise the currency.

In commodities, gold’s retreat from a record high of US$3,500, as reported by Reuters, reflects a shift away from safe-haven assets as trade tensions ease. Gold’s 1.5 per cent decline on April 22, 2025, aligns with the equity market’s rally and the dollar’s strength, though its earlier surge to US$3,167.50 amid tariff fears underscores its role as a hedge against uncertainty.

Canada’s industrial producer prices, up 0.5 per cent in March 2025, driven by non-ferrous metals and wood products, highlight commodity-specific dynamics, though falling energy prices, particularly diesel, signal demand concerns. Gold’s pullback is a healthy correction, but its long-term trajectory remains upward given persistent geopolitical risks and inflationary pressures from tariffs. Investors should monitor commodity trends closely, as they offer insights into global demand and trade dynamics.

The fixed-income market’s flattening yield curve, particularly around the stable 5-year sector, is a critical signal of market expectations. The 10-year Treasury yield’s slight easing to 4.3949 per cent, as reported by Reuters, reflects concerns about slower growth, though tariff-induced inflation fears drove earlier spikes to 4.06 per cent.

A flattening yield curve often precedes economic slowdowns, and the IMF’s growth warnings reinforce this narrative. The current yield curve reflects a market grappling with mixed signals: optimism about trade de-escalation versus fears of tariff-driven inflation and recession. Fixed-income investors should remain cautious, as the Fed’s next moves will hinge on inflation data and trade outcomes.

Cryptocurrencies, meanwhile, have mirrored equity market optimism, with Bitcoin hovering around US$92,800 after a 9.75 per cent rally, eyeing a US$95,000 target. Ethereum’s 11.19 per cent surge to US$1,780 and Ripple’s recovery suggest a broader risk-on sentiment.

The Relative Strength Index (RSI) for both Bitcoin (65) and Ethereum (54) indicates bullish momentum, but potential support levels at US$85,000 for Bitcoin and US$1,700 for Ethereum warrant caution. I think crypto’s rally is tied to broader market dynamics, particularly the dollar’s movements and trade optimism, but its volatility demands careful risk management.

In conclusion, the global economy stands at a crossroads, with Bessent’s de-escalation hopes and Trump’s Powell decision offering a reprieve from recent turmoil. Equity markets, currencies, commodities, and fixed-income trends reflect a delicate balance of optimism and caution. While markets have rallied on positive signals, the IMF’s growth warnings and the complexity of US-China negotiations suggest that volatility will persist.

My outlook is guarded optimism: progress on trade and monetary policy stability could pave the way for recovery, but investors must brace for bumps along the road. The interplay of these factors will shape the economic narrative for the remainder of 2025, and staying informed will be key to navigating this dynamic landscape.

 

Anndy Lian is an early blockchain adopter and experienced serial entrepreneur who is known for his work in the government sector. He is a best selling book author- “NFT: From Zero to Hero” and “Blockchain Revolution 2030”.

Currently, he is appointed as the Chief Digital Advisor at Mongolia Productivity Organization, championing national digitization. Prior to his current appointments, he was the Chairman of BigONE Exchange, a global top 30 ranked crypto spot exchange and was also the Advisory Board Member for Hyundai DAC, the blockchain arm of South Korea’s largest car manufacturer Hyundai Motor Group. Lian played a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region.

An avid supporter of incubating start-ups, Anndy has also been a private investor for the past eight years. With a growth investment mindset, Anndy strategically demonstrates this in the companies he chooses to be involved with. He believes that what he is doing through blockchain technology currently will revolutionise and redefine traditional businesses. He also believes that the blockchain industry has to be “redecentralised”.

j j j

US-China trade war escalates: Bitcoin falls below US$78K amid market chaos

US-China trade war escalates: Bitcoin falls below US$78K amid market chaos

The escalating trade tensions between the United States and China, particularly in light of President Donald Trump’s recent tariff policies is giving me chills. The announcement of these sweeping tariffs, dubbed “Liberation Day” by the Trump administration, has sent shockwaves through financial markets, impacting everything from traditional equities to cryptocurrencies like Bitcoin and Ethereum.

Today, on April 7, 2025, the world is grappling with the fallout of this bold economic move, and I’d like to offer my perspective on how these developments are reshaping the global financial landscape, with a particular focus on their implications for cryptocurrencies and broader market sentiment.

The latest chapter in this saga began when Trump unveiled a comprehensive tariff strategy on April 2, 2025, imposing a 10 per cent baseline levy on all US imports, with steeper duties targeting specific countries—34 per cent on China and 20 per cent on the European Union, among others. This policy, aimed at addressing trade imbalances and bolstering domestic manufacturing, was met with swift retaliation from Beijing, which announced additional 34 per cent tariffs on all US goods just days later.

The tit-for-tat escalation has heightened fears of a full-blown global trade war, pushing investors to seek refuge in safe-haven assets like US Treasury bonds and gold, while riskier assets—stocks, commodities, and cryptocurrencies—have taken a significant hit. The MSCI US index plummeted 6.0 per cent in response, with US equity futures signalling a further 3.3 per cent drop at the open, reflecting the deepening gloom among investors.

For cryptocurrencies, the impact has been particularly pronounced. Bitcoin, the bellwether of the crypto market, has tumbled below US$78,000, trading at US$77,840 as of Sunday—a six per cent decline that mirrors the broader retreat in risk sentiment. This drop comes after a staggering US$247 million in long liquidations rocked the market over a 24-hour period, a clear sign that traders are unwinding their bullish positions amid the uncertainty.

Ethereum, the second-largest cryptocurrency by market cap, has fared even worse, plunging below US$1,600 and erasing over 14 per cent of its value in the same timeframe, with US$217 million in liquidations adding fuel to the fire. These dramatic sell-offs underscore the vulnerability of digital assets to macroeconomic shocks, particularly when investor confidence in traditional markets begins to waver.

What’s striking about this downturn is how it contrasts with the optimism that surrounded cryptocurrencies earlier this year. Bitcoin hit an all-time high of US$109,000 in January, buoyed by Trump’s election victory in November 2024 and his subsequent pro-crypto rhetoric. During his campaign, Trump pivoted from being a crypto skeptic to a vocal supporter, promising to make the US the “crypto capital of the world” and even floating the idea of a national cryptocurrency stockpile.

That enthusiasm carried over into the early months of his administration, with Bitcoin trading above US$80,000 for much of 2025 despite intermittent volatility. Ethereum, too, enjoyed a robust start to the year, hovering above US$1,800 as recently as last week. But the tariff announcement has flipped the script, exposing the fragility of these gains in the face of broader economic headwinds.

The interplay between Trump’s tariffs and the crypto market is a fascinating case study in how geopolitical and economic policies can ripple through decentralised ecosystems. Historically, Bitcoin has been touted as a hedge against inflation and economic instability—qualities that should, in theory, make it resilient during times like these.

Indeed, some analysts argue that tariffs could ultimately bolster Bitcoin’s long-term appeal by weakening the US dollar’s dominance and driving interest in alternative assets. Jeff Park from Bitwise Asset Management, for instance, suggested that a sustained tariff war could be “amazing for Bitcoin in the long run” due to its potential to undermine traditional currencies. Yet, in the short term, the data tells a different story: Bitcoin and Ethereum are moving in lockstep with risk assets like tech stocks, not as a counterweight to them.

This correlation is evident in the broader market dynamics. The Nasdaq Composite, a tech-heavy index, is careening toward a bear market, while the S&P 500 has shed 4.8 per cent in a single day—its worst drop since June 2020. Defensive sectors like Consumer Staples and Real Estate, while still down, have outperformed the broader market, signalling a flight to safety that hasn’t yet extended to cryptocurrencies.

Meanwhile, commodities like Brent crude have slumped toward US$65 per barrel, reflecting fears that tariffs will dampen global demand growth just as OPEC+ ramps up supply. The US Dollar Index has edged up 0.9 per cent, consolidating recent losses, but Treasury yields are pulling back—the 10-year at 3.99 per cent and the 2-year at 3.65 per cent—as recession odds climb. Gold, typically a rival safe haven to Bitcoin, has held firm above US$3,000 per ounce despite a 2.5 per cent dip, underscoring its enduring appeal in times of crisis.

Digging deeper into the crypto sell-off, the liquidation cascade offers a window into the mechanics of this downturn. For Ethereum, a single whale’s US$106 million loss—triggered by the sale of 67,570 ETH on Maker—appears to have sparked a chain reaction, dragging prices from above US$1,800 to US$1,500 in a matter of hours. Another investor’s sale of 14,014 ETH, valued at $22 million, further amplified the panic, pushing Ethereum to levels not seen since October 2023.

These events highlight the leveraged nature of the crypto market, where large positions can magnify price swings, especially during periods of heightened uncertainty. Bitcoin, while less severely impacted, still saw its own wave of liquidations, with US$247 million wiped out as traders rushed to exit long positions.

In my humble point of view, the tariffs are acting as a double-edged sword for cryptocurrencies. On one hand, they’re stoking fears of slower growth and higher inflation—conditions that could, over time, drive adoption of decentralised assets as a hedge against traditional systems.

Trump’s own pro-crypto stance, including his March announcement of a strategic reserve featuring Bitcoin and Ethereum, lends credence to this narrative. Yet, in the immediate term, the market is behaving more like a risk proxy than a safe haven. The Fear & Greed Index, a barometer of crypto sentiment, remains mired in “fear” territory, a stark contrast to the exuberance of earlier this year.

Looking ahead, the trajectory of this trade war will be critical. Federal Reserve Chair Jerome Powell has signalled that the central bank won’t rush to cut rates in response to the tariffs, despite their potential to slow US growth and stoke inflation. This stance could exacerbate the pressure on risk assets if inflationary pressures persist without monetary relief.

For Bitcoin and Ethereum, a prolonged period of market turmoil could test key support levels—US$75,000 for Bitcoin and US$1,400 for Ethereum—before any recovery takes hold. Yet, if the tariffs weaken confidence in fiat currencies or trigger a broader shift away from dollar-centric systems, as some experts predict, cryptocurrencies could emerge stronger on the other side.

As I reflect on these developments, I’m struck by the paradox at play. Trump’s tariffs, intended to strengthen the US economy, are instead unleashing chaos across global markets, including the very crypto ecosystem he’s championed. For investors, the challenge lies in navigating this volatility—balancing the short-term pain of sell-offs against the long-term promise of digital assets. From where I stand, the story is far from over.

The coming weeks will reveal whether this is a temporary blip or the start of a deeper reckoning for cryptocurrencies and the global economy alike. One thing is certain: in this interconnected world, no market is an island, and the reverberations of “Liberation Day” will be felt for months, if not years, to come.

 

Source: https://e27.co/us-china-trade-war-escalates-bitcoin-falls-below-us78k-amid-market-chaos-20250407/

Anndy Lian is an early blockchain adopter and experienced serial entrepreneur who is known for his work in the government sector. He is a best selling book author- “NFT: From Zero to Hero” and “Blockchain Revolution 2030”.

Currently, he is appointed as the Chief Digital Advisor at Mongolia Productivity Organization, championing national digitization. Prior to his current appointments, he was the Chairman of BigONE Exchange, a global top 30 ranked crypto spot exchange and was also the Advisory Board Member for Hyundai DAC, the blockchain arm of South Korea’s largest car manufacturer Hyundai Motor Group. Lian played a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region.

An avid supporter of incubating start-ups, Anndy has also been a private investor for the past eight years. With a growth investment mindset, Anndy strategically demonstrates this in the companies he chooses to be involved with. He believes that what he is doing through blockchain technology currently will revolutionise and redefine traditional businesses. He also believes that the blockchain industry has to be “redecentralised”.

j j j

Bitcoin falls to US$81,300 as gold shines ahead of FOMC meeting 2025

Bitcoin falls to US$81,300 as gold shines ahead of FOMC meeting 2025

The global risk sentiment pulling back ahead of today’s FOMC meeting feels like the market holding its breath, and I can’t help but feel the weight of that tension myself. Investors rushing into safe-haven assets—gold soaring past US$3,030 an ounce, the 10-year US Treasury yield slipping to 4.285 per cent—tells a story of unease but also of resilience in the face of complexity.

Meanwhile, the MSCI US index dropping 1.1 per cent, dragged down by tech giants, and Brent crude sliding to US$71.8 a barrel amid a potential oil glut paint a contrasting picture of vulnerability. Add in Russia’s partial ceasefire, Trump-Putin talks, and a surprising uptick in US economic data, and it’s a lot to process. As a journalist who thrives on digging into the facts, I’m eager to weave these threads together and offer my take on what it all means.

Let’s start with the safe-haven stampede. Gold’s 40 per cent climb over the past year is staggering, and its latest push above US$3,030 an ounce feels like a siren blaring about global fears—economic slowdown, inflation, geopolitical strife, and central banks hoarding the metal like it’s the last lifeboat on a sinking ship.

The 10-year Treasury yield dipping by 2.1 basis points reinforces this flight to safety; investors are willing to accept lower returns for the comfort of US debt. I’ve seen this pattern before in times of uncertainty, like during the 2020 pandemic panic, but what strikes me now is the sheer velocity of gold’s ascent. It’s tempting to call it a bubble—too far, too fast, as some analysts are whispering—but I’m not so sure.

The drivers here are real: central banks like China and India have been buying gold to diversify away from the dollar, and with Russia’s ceasefire talks and Middle East tensions simmering, the geopolitical risk premium isn’t going away anytime soon. Still, I can’t shake the feeling that a correction might loom if the FOMC surprises with a dovish tilt or if global tensions ease more than expected.

On the flip side, the equity markets are showing strain. The MSCI US dropping 1.1 per cent, with tech mega caps leading the charge downhill, suggests that the risk-on exuberance of recent months is cooling. These stocks—think Apple, Nvidia, Amazon—have been the darlings of the bull run, but they’re sensitive to interest rate expectations, and the FOMC meeting is the elephant in the room.

Everyone’s expecting rates to hold steady, but the real action will be in the dot plot and Jerome Powell’s press conference. Will the Fed signal a longer pause or hint at cuts later in 2025? I suspect the upside surprises in US housing starts and industrial production—data points that landed stronger than anticipated—might give Powell room to strike a cautiously optimistic tone.

That could buoy stocks, as hinted by US equity futures pointing to a higher open. But for now, the market’s nerves are palpable, and I’d wager that tech’s decline reflects a broader reassessment of growth bets in an uncertain world.

Geopolitics is the wild card here, and it’s impossible to ignore Russia’s partial ceasefire amid Trump-Putin talks. This development could dial back some of the risk baked into markets, especially in energy.

Brent crude’s 0.8 per cent dip to US$71.8 a barrel puzzled me at first—shouldn’t Middle East tensions push oil higher? But digging deeper, the talk of a global crude glut makes sense. Supply is outpacing demand, and even with sanctions on Russia, their oil keeps flowing, often through creative crypto workarounds I’ll get to later.

A ceasefire, even partial, might stabilise energy markets further, though I’m skeptical it’ll stick without broader diplomatic breakthroughs. Trump’s involvement adds an unpredictable twist—his deal-making style could either calm things down or stir the pot, and I’m leaning toward the latter given his track record.

Europe’s a bright spot that caught my eye. German stocks climbing after parliament approved big spending on defense and infrastructure feels like a lifeline for a region that’s been stuck in neutral. The ZEW survey expectations leaping to 51.6 from 26 in February is the kind of data that makes me sit up—it’s a signal that investor confidence is rebounding, maybe even hinting at a German economic revival. I’ve covered Europe’s stagnation narrative for years, and this feels like a pivot worth watching. Could it mean Europe starts to decouple from US market woes? Possibly, though it’s early days.

Asia, though, is a mixed bag. Indonesia’s JCI index tanking 3.8 per cent over rumours of Finance Minister Sri Mulyani Indrawati’s resignation—rumours she’s since squashed—shows how jittery emerging markets can get. Four straight days of declines is brutal, and it’s a reminder that political stability is oxygen for these economies.

Meanwhile, the Bank of Japan and Bank Indonesia holding pat on rates aligns with the global wait-and-see vibe. Asian equities being mixed in early trading mirrors the indecision I’m seeing everywhere else.

Now, let’s talk gold versus Bitcoin, because this tug-of-war fascinates me. Gold’s red-hot run might be stealing thunder from Bitcoin, which slipped to US$81,300 from US$84,000. A 40 per cent gold surge versus Bitcoin’s more volatile path raises questions about sustainability. I’ve tracked both assets for years, and I see gold’s rally as a fear trade—steady, tangible, a hedge against chaos. Bitcoin, though, is the speculator’s playground, and its dip might reflect profit-taking or a shift in sentiment.

Enter MicroStrategy (MSTR), whose latest move—a Perpetual Strife Preferred Stock (STRF) with a 10 per cent dividend—shows they’re still betting big on Bitcoin. Raising funds to buy more BTC (they added 130 tokens for US$10.7 million last week, bringing their stash to 499,226) is bold, but the pace is slowing, and Wall Street’s enthusiasm might be waning.

MSTR’s stock dropping five per cent Tuesday alongside Bitcoin’s slide tells me the market’s reassessing this strategy. The STRF’s high-yield structure—10 per cent cash dividends, compounding to 18 per cent if unpaid, trading on Nasdaq soon—is clever, offering Bitcoin exposure without direct ownership. But I wonder if this signals desperation or genius as their fundraising spigot tightens.

Geopolitics crashing into crypto is the final piece of this puzzle, and it’s a doozy. Russia using Bitcoin and Ethereum to dodge sanctions—US$192 billion in oil trade rerouted through rupees, yuan, and crypto—is a game-changer. The process is slick: an Indian buyer pays a middleman in rupees, who swaps it for crypto, sends it to Russia, and they cash out in rubles. Sanctions? Skirted.

Reuters’ mid-March reporting nails this trend, and while one Russian exchange got shut down this month after US and EU sanctions, others will pop up. I’ve long argued that crypto’s global reach makes it a double-edged sword—freedom for some, a loophole for others. This isn’t just about Russia; it’s a signal that digital assets are reshaping geopolitics, and regulators are playing catch-up.

So where do I land? The FOMC meeting today is the linchpin—Powell’s words could either soothe or spook markets. Gold’s run feels frothy but grounded in real fears; Bitcoin’s dip is a hiccup, not a collapse. Geopolitics and crypto are intertwining in ways that’ll define the next decade, and Europe’s flicker of hope contrasts with Asia’s stumbles.

 

 

 

Source: https://e27.co/bitcoin-falls-to-us81300-as-gold-shines-ahead-of-fomc-meeting-2025-20250319/

Anndy Lian is an early blockchain adopter and experienced serial entrepreneur who is known for his work in the government sector. He is a best selling book author- “NFT: From Zero to Hero” and “Blockchain Revolution 2030”.

Currently, he is appointed as the Chief Digital Advisor at Mongolia Productivity Organization, championing national digitization. Prior to his current appointments, he was the Chairman of BigONE Exchange, a global top 30 ranked crypto spot exchange and was also the Advisory Board Member for Hyundai DAC, the blockchain arm of South Korea’s largest car manufacturer Hyundai Motor Group. Lian played a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region.

An avid supporter of incubating start-ups, Anndy has also been a private investor for the past eight years. With a growth investment mindset, Anndy strategically demonstrates this in the companies he chooses to be involved with. He believes that what he is doing through blockchain technology currently will revolutionise and redefine traditional businesses. He also believes that the blockchain industry has to be “redecentralised”.

j j j