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Tariffs, tech crashes, crypto dips, and gold’s record run: Why markets are in chaos today

Tariffs, tech crashes, crypto dips, and gold’s record run: Why markets are in chaos today

This week, the interplay of US-Japan trade talks, US-China tariff escalations, and new restrictions on chip exports has kept markets on edge. Meanwhile, Federal Reserve Chair Jerome Powell’s measured response to the turmoil has dashed hopes for immediate intervention, leaving investors to grapple with volatile asset prices and shifting risk sentiment.

The current market landscape is a complex tapestry of competing forces, from Bitcoin’s resilience to Ethereum’s technical signals, US equities’ performance, and gold’s safe-haven allure. Below, I offer my perspective on these developments, weaving together the broader macroeconomic context, asset-specific dynamics, and the implications for investors navigating this fraught environment.

The tentative global risk sentiment reflects the high stakes of ongoing tariff negotiations, particularly between the US and its major trading partners. The advancement of US-Japan trade talks, marked by President Trump’s optimistic claim of “big progress,” provided a modest lift to Japanese equities, with the Nikkei 225 gaining slightly. However, the yen weakened as investors priced in the likelihood of a deal that could avert higher US levies on Japanese goods, particularly in the auto sector. This development underscores Japan’s delicate balancing act: while a trade agreement could stabilise its export-driven economy, a stronger US dollar against the yen could pressure Japanese manufacturers’ competitiveness. The Bank of Japan, already grappling with a low-yield environment, may face further constraints if US tariffs dampen economic growth, as Governor Kazuo Ueda recently hinted.

For investors, the yen’s trajectory and Japan’s market performance hinge on the specifics of any deal—whether it prioritises market access or imposes new non-tariff barriers.

The US-China trade war, however, remains the epicentre of market anxiety. The White House’s confirmation of a staggering 245 per cent cumulative tariff rate on Chinese imports, following China’s retaliatory 125 per cent levies on US goods, signals a deepening economic standoff. This tit-for-tat escalation, coupled with new US restrictions on chip exports by Nvidia and AMD, has battered technology stocks and fueled fears of disrupted global supply chains. The chip export curbs, targeting Nvidia’s H20 and AMD’s MI308 AI chips, are a strategic move to limit China’s access to advanced technology, but they come at a cost: Nvidia estimates a US$5.5 billion hit to its revenue, and its shares slumped nearly seven per cent.

The broader tech-heavy Nasdaq Composite fell 3.1 per cent, contributing to the MSCI US index’s 2.2 per cent decline. These developments highlight the fragility of the tech sector, which has been a cornerstone of US market performance but is now vulnerable to geopolitical shocks.

China’s response has been multifaceted, blending defiance with pragmatism. Beijing’s vow to “fight to the end” against US tariffs is tempered by signals of openness to negotiations, suggesting a desire to avoid a complete collapse of trade relations. However, China’s reported sale of confiscated cryptocurrency holdings, including Bitcoin, amid an economic slowdown, adds another layer of complexity.

This move, likely driven by the need to bolster fiscal reserves, has sparked speculation about its impact on crypto markets. Remarkably, Bitcoin has shown resilience, holding above US$84,000 despite the sales. This strength can be attributed to Bitcoin’s growing perception as a hedge against macroeconomic uncertainty, particularly as central banks and investors seek alternatives to traditional assets amid trade war volatility. Posts on X reflect this sentiment, with some users noting Bitcoin’s 64 per cent market dominance—a level not seen since early 2021—as evidence of its safe-haven appeal.

Ethereum, by contrast, has struggled, slipping below US$1,600 and entering a technically bearish phase. An analysis by CryptoQuant’s abramchart offers a nuanced perspective, suggesting that Ethereum’s current price near its realised price of US$1,585 could signal a deep-value accumulation zone. Historically, such levels have preceded major bull runs as long-term holders re-enter the market. However, technical indicators paint a mixed picture: Ethereum’s breach of its 20-day moving average and its position well below the 200-day average confirm a strong downtrend, while the relative strength index near 40 indicates weak momentum.

The compressed Bollinger Bands suggest a potential breakout, but the direction remains uncertain. For investors, Ethereum’s current dynamics present both opportunity and risk. While the realised price level hints at undervaluation, the broader market’s risk-off mood and trade war headwinds could delay a rebound.

The Federal Reserve’s role in this turbulent environment cannot be overstated. Chair Jerome Powell’s remarks this week, emphasising a wait-and-see approach to tariffs, have quashed expectations of a “Fed put”—a swift policy response to stabilise markets. Powell’s caution is rooted in the dual risks of higher inflation and slower growth, which tariffs are “highly likely” to exacerbate. His acknowledgement that the Fed faces a “highly uncertain outlook” underscores the central bank’s dilemma: cutting rates could fuel inflation while holding or raising rates risks stifling growth and employment. The Fed’s benchmark rate, currently between 4.25 per cent and 4.5 per cent, reflects this holding pattern, with traders still betting on cuts by June despite Powell’s reticence. The Fed’s data-dependent stance, coupled with solid economic indicators like March’s 228,000 job additions, suggests that any policy shift will hinge on clearer evidence of tariff-related economic fallout.

Fixed-income markets have also felt the strain, with US Treasury yields edging lower as investors reassess growth prospects. The 10-year yield fell 5.6 basis points to 4.28 per cent, and the two-year yield dropped 7.5 basis points to 3.77 per cent, reflecting concerns about a potential recession. The US dollar index’s 0.8 per cent decline, reaching its lowest level since April 2022, signals waning confidence in US assets as investors pivot to safe-haven currencies such as the Japanese yen and Swiss franc. Gold, meanwhile, has surged 3.5 per cent to a record US$3,339 per ounce, with ANZ Bank forecasting a rise to US$3,600 by year-end.

This rally, driven by central bank purchases and haven demand, underscores gold’s role as a bulwark against geopolitical and economic uncertainty. Brent crude’s 1.8 per cent rise to around US$65 per barrel, spurred by US sanctions on Chinese importers of Iranian oil, highlights the ripple effects of trade policies on commodity markets.

US equities, particularly the energy sector, have shown pockets of resilience, with energy stocks gaining 0.8 per cent amid higher oil prices. However, the broader MSCI US index’s 2.2 per cent tumble reflects the tech sector’s drag and broader tariff fears. Asian equities, trading in a tight range, have been buoyed by hopes of Chinese stimulus, but volatility persists as negotiation headlines dominate. US equity futures, pointing to a 0.4 per cent higher open, suggest a tentative recovery, but the market’s direction remains contingent on trade developments.

From my perspective, the current market environment demands a disciplined, long-term approach. The escalation of US-China tariffs and chip export restrictions poses significant risks to global growth, particularly for the tech and manufacturing sectors. However, opportunities exist in assets such as Bitcoin and gold, which are benefiting from their safe-haven status. Ethereum’s technical setup, while bearish, suggests potential for accumulation by patient investors.

Powell’s cautious stance, while frustrating for those seeking immediate relief, is a prudent response to an unprecedented policy shock. Investors should focus on diversification, prioritising assets with strong fundamentals and resilience to geopolitical volatility. The road ahead is fraught with uncertainty, but those who navigate it with clarity and conviction may find opportunities amid the storm.

In conclusion, the global markets are at a crossroads, shaped by the interplay of trade tensions, monetary policy, and shifting investor sentiment. The US-China tariff war, US-Japan trade talks, and the Fed’s watchful stance are driving volatility across equities, currencies, and commodities. Bitcoin’s resilience, Ethereum’s accumulation potential, and gold’s surge highlight the divergent paths assets are taking in this environment. As negotiations unfold and economic data clarifies the tariff impact, investors must remain agile, balancing risk and opportunity in a rapidly evolving landscape.

 

Source: https://e27.co/why-markets-are-in-chaos-today-20250417/

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”.

www.anndy.com
j j j

US-China trade war escalates: Markets and Bitcoin plummet

US-China trade war escalates: Markets and Bitcoin plummet

The US-China trade war and its ripple effects across markets, currencies, and cryptocurrencies like Bitcoin are the key highlights. Today, on April 9, 2025, the world is holding its breath as the clock ticks toward a midnight deadline (ET) when the United States could impose a staggering 50 per cent hike in tariffs on Chinese goods, pushing levies to an unprecedented 104 per cent.

China’s Commerce Ministry has fired back with a resolute declaration: “If the US insists on its own way, China will fight to the end.” This escalating tit-for-tat has plunged global risk sentiment into a tailspin, and from my vantage point, it’s clear that the fallout is reshaping the financial landscape in ways that are both profound and unpredictable.

Looking at the equity markets, where volatility has become the name of the game. The S&P 500, a bellwether of US economic health, experienced a rollercoaster session yesterday. It surged over four per cent in early trading, buoyed perhaps by fleeting optimism or speculative positioning, only to surrender those gains and close 1.6 per cent lower. This left it teetering on the edge of bear market territory—defined as a 20 per cent drop from its recent peak. The NASDAQ, heavily weighted with tech stocks sensitive to global trade dynamics, fared even worse, shedding 2.15 per cent after a similar wild swing from a four per cent gain.

Meanwhile, the Dow Jones Industrial Average dropped 349 points, a decline that, while less dramatic in percentage terms, underscores the broad-based anxiety gripping Wall Street. The CBOE Volatility Index, often dubbed the “fear index,” spiked another 11.4 per cent to 52.33—a level that screams panic and reflects a market bracing for more turbulence. From my perspective, these gyrations aren’t just noise; they’re a visceral response to the uncertainty of a trade war that threatens to upend global supply chains and corporate earnings.

The bond market tells a complementary story. US Treasury yields presented a mixed picture yesterday, with the two-year yield retreating as investors sought short-term safety, while longer-term yields—like those on the 10-year note—climbed higher. This steepening of the yield curve followed a lacklustre auction of 3-year notes, which triggered a selloff in longer-dated bonds. To me, this suggests a market grappling with conflicting signals: fear of an economic slowdown driving demand for safe-haven assets, yet persistent inflationary pressures tied to tariffs keeping longer-term yields elevated.

The US Dollar Index weakened by 0.3%, a modest dip that nonetheless handed gains to safe-haven currencies like the Swiss franc and Japanese yen. Gold, often a barometer of global unease, held steady at US$2,983.27 per ounce—not a dramatic move, but a sign of its role as a quiet anchor amid the storm. Brent crude oil, however, slid 2.2 per cent to US$62.82 per barrel, reflecting fears that a trade war could sap global demand. As I see it, these asset movements paint a picture of a world economy on edge, with investors hedging bets and seeking shelter wherever they can find it.

Now, to Bitcoin, which has been a fascinating subplot in this saga. Just days ago, the cryptocurrency briefly breached the US$80,000 mark—a rally that sparked hope among bulls that it could defy the gathering storm. But that optimism has evaporated. As of April 8, Bitcoin had slipped below its US$76,000 support level, trading at US$76,193—a drop that erased much of the “Trump pump” gains from late last year. Technical analysts are pointing to a “death cross” forming on the charts, where the 50-day moving average crosses below the 200-day moving average, a bearish signal that often heralds prolonged declines.

From my vantage point, this reversal isn’t surprising. Bitcoin’s recent bounce felt more like a panic rally—fuelled by speculative fervor rather than fundamentals—than a sustainable trend. The harsh reality is that Trump’s tariffs, combined with China’s retaliatory measures, are creating a global financial crisis that even crypto can’t escape. The notion that Bitcoin is a decoupled asset, immune to traditional market forces, is being tested and, frankly, debunked in real time.

The cryptocurrency market’s woes extend beyond Bitcoin itself. Bitcoin exchange-traded funds (ETFs), which had gained traction as a bridge between crypto and mainstream finance, are hemorrhaging capital. Data from Farside Investors shows US$256.6 million in outflows from these funds in April alone, with only one day of positive inflows so far. April 1 marked the largest single-day exodus at US$157 million, while BlackRock’s IBIT ETF, a heavyweight in the space, saw a US$65 million inflow on April 2 but also suffered the biggest intra-day loss.

This flight of capital reflects a broader investor unease, amplified by Trump’s tariff policies and the spectre of a US recession. Mark Carney, Canada’s Prime Minister, recently weighed in, warning that these tariffs heighten the odds of an economic downturn south of the border—a view that aligns with growing chatter among economists and market watchers. For me, Carney’s comments underscore a critical point: the interconnectedness of global economies means that no asset class, not even crypto, can fully insulate itself from macroeconomic shocks.

The interplay between tariffs and Bitcoin is particularly intriguing. Some, like former BitMEX CEO Arthur Hayes, had argued that cryptocurrencies might weather tariff-induced turbulence better than traditional assets, given their decentralised nature. But the data tells a different story. The Crypto Fear and Greed Index, a sentiment gauge, has plunged into “fear” territory, mirroring the VIX’s climb in traditional markets. Bitcoin’s correlation with equities, while not absolute, has tightened in recent weeks, suggesting it’s behaving more like a risk asset than a safe haven.

China’s “revenge” tariffs—reportedly an additional 34 per cent on US goods—have only deepened the gloom, raising the stakes in this trade war and threatening to disrupt everything from manufacturing to consumer prices. As I see it, the hope that crypto could serve as a hedge against such chaos is fading fast, replaced by a stark realisation that it’s caught in the same web of uncertainty as stocks and bonds.

Looking beyond the US, the global ramifications are equally stark. Asian equity indices opened lower today, tracking Wall Street’s losses and bracing for the tariff deadline. Japan and South Korea, key US allies, are reportedly in “highly tailored” deal talks with the White House, as President Trump’s economic adviser Kevin Hassett hinted at a broader tariff strategy still taking shape. Hassett told reporters that a plan is being prepared for Trump to decide “who and when” for these talks, but the situation remains fluid.

For me, this ambiguity is a double-edged sword: it keeps markets on tenterhooks, but it also opens the door to potential de-escalation if cooler heads prevail. Fed fund futures, meanwhile, are now pricing in four interest rate cuts for 2025—a dovish shift that signals growing recession fears, even as inflation risks from tariffs loom large. It’s a tightrope walk for the Federal Reserve, and one that could dictate the trajectory of both traditional and crypto markets in the months ahead.

So, what’s my take on all this? I see this as a pivotal moment—one where the hubris of protectionism is colliding with the fragility of a globalised economy. Trump’s tariffs, while rooted in a desire to bolster US manufacturing, risk igniting a wildfire of retaliation and economic contraction. The markets, from the S&P 500 to Bitcoin, are screaming for clarity, but none is forthcoming.

China’s resolve to “fight to the end” only heightens the stakes, promising a protracted battle that could drag down growth worldwide. For Bitcoin, the dream of it being a “digital gold” untethered from earthly woes feels increasingly distant; it’s a speculative asset caught in the crossfire, not a sanctuary. The US$256.6 million in ETF outflows this month is a testament to that reality—investors are spooked, and they’re voting with their wallets.

In the end, we’re left with a market wrap that’s less a conclusion and more a cliffhanger. Tonight’s tariff deadline could mark a turning point—or just another chapter in a saga of volatility.

My gut tells me we’re in for more rough seas, with the potential for a US recession casting a long shadow over 2025. Whether it’s the VIX at 52.33, Bitcoin at US$76,193, or the S&P 500 flirting with a bear market, the numbers don’t lie: fear is in the driver’s seat.

As I pen this on April 9, 2025, at 12:23 PM +08, the world watches and waits—and so do I, ready to chronicle whatever comes next.

 

Source: https://e27.co/us-china-trade-war-escalates-markets-and-bitcoin-plummet-20250409/

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”.

www.anndy.com
j j j

Trump tariffs shake markets: Why gold soars as Bitcoin stumbles in 2025

Trump tariffs shake markets: Why gold soars as Bitcoin stumbles in 2025

Today’s market wrap offers a fascinating snapshot of a world grappling with shifting risk sentiments, trade tensions, and the evolving dynamics of traditional and alternative assets. Global risk sentiment has shown signs of improvement, with Asian shares rebounding after what was described as their worst day on record. Japan, in particular, has taken the lead in early trading gains, buoyed by optimism that it might receive preferential treatment in trade negotiations with US President Donald Trump’s administration.

Meanwhile, Trump’s unwavering stance on imposing additional tariffs—despite pleas from trading partners—has kept markets on edge, with the S&P 500 teetering on the brink of a bear market. This backdrop of uncertainty, coupled with fluctuating performances in Hong Kong and China amid threats of a 50 per cent tariff hike, paints a complex picture of global finance.

Add to that China’s central bank stepping in to bolster its sovereign fund for local stock purchases, and we’re witnessing a multifaceted tug-of-war between policy, sentiment, and economic fundamentals.

Let’s look into the specifics. The US markets have been a rollercoaster, with the MSCI US index slipping 0.2 per cent after a volatile session. Within that, the Communication Services sector stood out, climbing 1.0 per cent and offering a glimmer of resilience amid the chaos.

Treasury yields, which had recently pulled back sharply, rebounded with the 10-year yield rising 18.9 basis points to 4.18 per cent and the 2-year yield up 11.1 basis points to 3.76 per cent. This uptick suggests a market recalibrating its expectations, perhaps anticipating inflationary pressures or a shift in Federal Reserve policy signals.

The US Dollar index, meanwhile, edged up 0.2 per cent, stabilising after recent losses, while gold took a hit, dropping 1.8 per cent to hover around US$3,000 per ounce. This decline in gold, often seen as a safe-haven asset, could reflect profit-taking or a reaction to rising yields, which typically make non-yielding assets less attractive.

On the energy front, Brent crude fell 2.1 per cent to below US$65 per barrel, weighed down by tariff-related demand concerns and OPEC+ members increasing output—a double whammy for oil prices.

Across the Pacific, Asian equities have mostly climbed in early trading, with Japan’s optimism setting the tone. This bounce-back follows a brutal sell-off, and it’s encouraging to see markets attempting to find their footing. US equity index futures are also signalling a positive start, with an implied opening gain of 1.6 per cent. This suggests that, despite the tariff threats and economic downturn fears, investors are willing to bet on a recovery—at least for now.

But beneath this surface-level resilience lies a deeper story, particularly when we zoom in on two assets that have captured the world’s attention in recent years: gold and bitcoin. From November 2022 to November 2024, these two moved in a relatively tight correlation, with gold rising 67 per cent and bitcoin soaring nearly 400 per cent.

Analysts had long argued that their shared appeal as hedges against weak global currency policies would keep them aligned. Yet, in 2025, that relationship has begun to unravel, with gold up 16 per cent since late March and bitcoin down more than six per cent. What’s driving this divergence, and what does it mean for investors?

Bitcoin’s journey over the past few years has been nothing short of remarkable. Its meteoric rise—peaking above US$109,000 in January 2025—can be traced to a surge in institutional adoption. Heavyweights like BlackRock, VanEck, and Fidelity have deepened their stakes in the cryptocurrency market, lending it a level of legitimacy that was once unthinkable. Countries like El Salvador have gone further, integrating bitcoin into their financial systems, while the US government has floated plans for a strategic crypto reserve, signalling a potential shift in how nations view digital assets.

New financial products have also fuelled this growth. Take, for instance, CME Group’s Bitcoin Friday futures, which offer contracts as small as 1/50th of a coin, lowering the barrier to entry for retail investors. And just yesterday, Cboe Global Markets announced its new Cboe FTSE Bitcoin Index Futures, set to launch on April 28.

These cash-settled contracts, trading under the XBTF ticker, are designed to give traders more precise control over their bitcoin exposure without needing to hold the asset itself. Paired with Cboe’s recent options tied to bitcoin ETFs, these innovations are broadening the toolkit available to investors, reinforcing bitcoin’s staying power.

But the road hasn’t been smooth. Bitcoin faced significant sell pressure earlier today, dipping to US$74,604 before rebounding to above US$79,000. Even with this recovery, it’s down 3.1 per cent in the past 24 hours and nearly 30 per cent from its January peak. Analysts at IT Tech recently highlighted a spike in the Exchange Inflow Coin Days Destroyed (CDD) metric, which tracks the movement of older coins that have been dormant for extended periods.

A surge in CDD often signals that long-term holders are moving their assets to exchanges, potentially to sell. This could reflect profit-taking after bitcoin’s massive run-up or a reaction to broader market uncertainty, including Trump’s tariff threats and fears of an economic slowdown. Whatever the cause, this selling pressure underscores bitcoin’s volatility—a trait that sets it apart from gold, even as both assets vie for the “safe-haven” mantle.

Gold, by contrast, has followed a steadier path in 2025. Its 16 per cent gain since late March reflects a flight to safety amid tariff tensions and rising yields. Unlike bitcoin, gold benefits from its centuries-old reputation as a reliable store of value, especially when economic storm clouds gather. The recent drop to US$3,000 per ounce might suggest some profit-taking, but the broader trend points to sustained demand.

Rising Treasury yields, which typically pressure gold prices, haven’t derailed its upward trajectory, perhaps because investors see tariffs and geopolitical risks as outweighing the yield factor. This resilience highlights a key difference: while bitcoin thrives on institutional momentum and speculative fervour, gold draws strength from its stability and universality.

So, what’s my take on all this? As someone who’s spent years dissecting market trends, I see this divergence as a natural evolution of two assets with overlapping but distinct identities. Bitcoin’s pullback doesn’t diminish its long-term potential; the institutional backing and innovative products like the Cboe FTSE Bitcoin Index Futures suggest it’s here to stay.

But its volatility—exacerbated by tariff fears and profit-taking—reminds us that it’s still a young, dynamic asset prone to sharp swings. Gold, meanwhile, is playing its classic role as a steady hand in turbulent times, bolstered by its tangible nature and historical gravitas. The fraying correlation between the two isn’t a sign of weakness but rather a maturation of the market, where each asset is finding its own lane.

Looking ahead, the global risk sentiment will hinge on how Trump’s tariff policies unfold. Japan’s early gains signal hope for targeted trade deals, but the broader threat of levies on dozens of countries could keep markets jittery. The S&P 500’s flirtation with bear market territory is a red flag, and if economic downturn fears intensify, we could see more wild swings across asset classes. For now, Asian shares are offering a glimmer of optimism, and US futures suggest a willingness to rebound.

But with Brent crude sliding and China’s central bank stepping in, the stakes remain high. My job is to keep digging—tracking the data, questioning the narratives, and piecing together the story as it unfolds. Today’s market wrap is just one chapter in a saga that’s far from over, and I’ll be here, pen in hand, to chronicle what comes next.

 

Source: https://e27.co/trump-tariffs-shake-markets-why-gold-soars-as-bitcoin-stumbles-in-2025-20250408/

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”.

www.anndy.com
j j j