Tag Archives: markets

Global markets reel as Trump tariffs slam stocks and Bitcoin prices

Global markets reel as Trump tariffs slam stocks and Bitcoin prices

On April 4, 2025, the US stock market experienced its worst single-day performance in years, shedding approximately US$2.5 trillion in value as investors fled to safe-haven assets like US Treasuries and gold. The MSCI US index plummeted by 4.9 per cent, with particularly brutal declines in the energy sector, down 7.5 per cent, and information technology, which fell 7.0 per cent.

Meanwhile, defensive sectors like consumer staples, up 0.7 per cent, and utilities, down just 0.6 per cent, managed to weather the storm far better than their cyclical counterparts. This dramatic shift in market sentiment has been fuelled by fears that Trump’s tariffs—the steepest increase in American trade barriers in over a century—could choke economic growth, drive up inflation, and potentially tip the US economy into a recession.

Trump’s latest tariff policy, announced after the market closed yesterday, imposes a blanket 10 per cent tariff on imports from every country in the world, effective April 5. Citing his authority under the International Emergency Economic Powers Act of 1977, the president framed the move as a necessary step to protect American industries and workers. However, economists are sounding the alarm about the near-term consequences. Higher tariffs are widely expected to increase the cost of imported goods, pushing up prices for American consumers already grappling with inflationary pressures.

At the same time, retaliatory measures from trading partners could dampen US exports, further slowing economic activity. Some analysts warn that the combination of higher prices and weaker growth could create a stagflationary environment, while others see a full-blown recession as a real possibility if the tariffs remain in place for an extended period. With markets now laser-focused on Friday’s US jobs report and an upcoming speech by Federal Reserve Chair Jerome Powell, investors are desperate for clues about how policymakers might respond to this escalating crisis.

The bond market has also reacted decisively, with Treasury yields dropping as expectations of Federal Reserve rate cuts grow. The 10-year Treasury yield fell 10.2 basis points to 4.03 per cent, while the 2-year yield slid 17.7 basis points to 3.68 per cent, reflecting heightened recession fears and a flight to safety.

The US dollar index, meanwhile, shed 1.7 per cent, continuing its downward trend as investors reassess the outlook for US growth. Gold, a classic safe-haven asset, held steady at US$3,100 per ounce despite a modest 0.6 per cent dip, buoyed by persistent demand amid the uncertainty.

On the commodities front, Brent crude oil took a significant hit, tumbling 6.4 per cent to US$70 per barrel as traders worried that tariffs would sap global demand growth just as OPEC+ ramps up supply. Asian equities followed Wall Street’s lead, opening sharply lower, and US equity futures suggest stocks will start the day down an additional 0.2 per cent, signalling that the pain may not be over yet.

The cryptocurrency market has not been immune to this turmoil, with Bitcoin experiencing a sharp decline in tandem with other risk assets. After hitting an intraday high of nearly US$88,000 less than 24 hours ago, Bitcoin plunged to a low of US$81,300—a drop of more than seven per cent—before recovering slightly to trade around US$83,000 as of this writing. The sell-off reflects broader market dynamics, as investors pull back from speculative assets in favour of safer bets.

Ethereum, the second-largest cryptocurrency by market cap, has also struggled. After failing to hold above the US$1,850 level, ETH dipped as low as US$1,751 and is now consolidating below the US$1,820 mark and its 100-hourly simple moving average. Technical indicators suggest resistance near US$1,840, with a bearish trend line forming at US$1,810 on the hourly chart. For Ethereum to mount a meaningful recovery, it would need to break through these levels and push toward US$1,880, but the current market mood makes that a tall order.

In my opinion, Ethereum’s performance is critical to sparking a broader crypto bull market—carries significant weight given its central role in the digital asset ecosystem. Ethereum remains the backbone of decentralised finance (DeFi), powering a vast array of applications from decentralised exchanges (DEXs) to non-fungible tokens (NFTs). Recent data underscores its resilience: in March 2025, Ethereum reclaimed its position as the leading blockchain for DEX trading, overtaking Solana with a trading volume of US$64 billion compared to Solana’s US$52 billion.

Platforms like Uniswap and Curve Finance have driven this surge, reinforcing Ethereum’s dominance even as it grapples with challenges like a historically low ETH burn rate and declining transaction fees following the implementation of EIP-1559. The drop in the burn rate has led to an increase in ETH’s total supply, raising concerns among some investors about inflationary pressures within the network. Yet, Ethereum’s ability to hold its ground amid these headwinds speaks to its enduring strength and adaptability.

Solana’s fading momentum in the DEX space, meanwhile, highlights the shifting tides in the crypto market. The hype around Solana-based meme coins, which fuelled much of its trading volume on platforms like Raydium and Pump.fun, has dissipated, allowing Ethereum to reassert its supremacy.

This resurgence is a testament to Ethereum’s robust infrastructure and developer community, which continue to innovate despite high gas fees and scalability concerns. For a bull market to take hold, Ethereum would indeed need to lead the charge, setting the tone for smaller altcoins and driving renewed investor confidence.

However, the current macroeconomic environment—marked by Trump’s tariffs, a faltering US economy, and a risk-off sentiment—poses a formidable obstacle. If Ethereum can break through its technical resistance levels and capitalise on its DeFi leadership, it could spark the kind of momentum you envision. But for now, the broader market’s woes are keeping a lid on that potential.

Stepping back, the implications of Trump’s tariff measures extend far beyond the immediate market reaction. The US has long prided itself on economic exceptionalism, underpinned by robust growth, a strong dollar, and a dominant position in global trade.

Yet, this latest policy risks unraveling that narrative. Higher tariffs could disrupt supply chains, erode corporate profits, and alienate trading partners at a time when geopolitical tensions are already running high. The flight to haven assets suggests that investors are bracing for a prolonged period of uncertainty, and the upcoming US jobs report will be a critical litmus test.

A weak report could amplify recession fears, prompting the Fed to accelerate rate cuts—a move that might cushion the blow to stocks and crypto but could further weaken the dollar. Powell’s speech will also be pivotal, as markets look for any hint of how the central bank plans to navigate this tariff-induced storm.

In my view, the markets are at a crossroads. The tariff announcement has exposed vulnerabilities in the global economy that were previously masked by optimism about US growth and technological innovation. While defensive assets like gold and Treasuries may offer short-term refuge, the longer-term outlook hinges on how businesses and consumers adapt to higher costs and slower growth.

For risk assets like stocks and cryptocurrencies, the path forward looks treacherous, but opportunities could emerge if the Fed steps in decisively or if the tariffs are scaled back under political pressure. Ethereum’s role as a crypto bellwether adds another layer of intrigue—its ability to rally despite these headwinds could indeed signal a turning point for the digital asset space.

“For now, though, caution reigns supreme, and the world is watching closely as this high-stakes drama unfolds.” — Anndy Lian

 

Source: https://e27.co/global-markets-reel-as-trump-tariffs-slam-stocks-and-bitcoin-prices-20250404/

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

Global markets in flux: Tariffs stir the pot, CPI cools the heat

Global markets in flux: Tariffs stir the pot, CPI cools the heat

Key points:

  • U.S. 25% tariffs on steel and aluminum, effective March 12, 2025, sparked EU and Canadian retaliation, escalating trade tensions. This tit-for-tat war injects uncertainty into fragile global risk sentiment, reminiscent of a high-stakes chess game shifting power with each move.
  • U.S. February CPI rose 0.2% month-on-month, 3.1% year-on-year, below expected 0.3% and 3.2%, easing stagflation fears. S&P 500 gained 0.5%, Nasdaq 1.2%, and VIX fell to 24.23, as softer inflation lifted risk sentiment despite tariff-driven cost concerns.
  • The 10-year U.S. Treasury yield rose 3.3 basis points to 4.312%, 2-year up 4.3 to 3.987%, narrowing the spread to 32.6 basis points. This shift hints at growth worries, but also a Fed pause on rate cuts, guided by data.
  • Europe’s DAX surged 1.6% despite tariff fears, while ECB’s Lagarde warned of inflationary shocks. Canada cut rates to 2.75%, bracing for a “new crisis” as U.S. tariffs threaten its export-heavy economy, showing resilience and vulnerability in equal measure.
  • Bitcoin rose 1.8% to $83,511.6, but recession and trade war fears linger. Ethereum’s ETH/BTC fell 1.5% to 0.022, RSI at 23.32, signaling a persistent downtrend. Crypto reflects broader risk asset struggles amid global uncertainty.
  • Tariffs could spike steel prices 10-20%, raising costs, offset by softer CPI and Fed stability. Gold up 0.6%, Brent crude 2%, yet global risk sentiment teeters between trade war risks and hope for stabilization as central banks adapt.

 

The situation today feels like a high-stakes chess game, with each move—whether it’s a tariff imposition or a central bank decision—shifting the balance of power and sentiment. The escalation of trade tensions, sparked by the US’s imposition of 25 per cent tariffs on all steel and aluminium imports effective March 12, 2025, has sent shockwaves through global risk sentiment, and it’s a story worth unpacking in detail.

Let me offer my perspective on what’s happening, grounded in the facts and data at hand, and explore what this means for markets, economies, and even the average person watching from the sidelines.

The US tariffs, which hit the ground running yesterday, mark a bold escalation in President Donald Trump’s trade agenda. This isn’t a new playbook—during his first term, Trump levied similar duties on steel and aluminium in 2018, only to later exempt Canada and Mexico in 2019 after negotiations.

This time, though, the scope feels broader and the rhetoric sharper. The immediate retaliation from the European Union, with plans for tariffs on €26 billion (US$28.3 billion) of American goods, and Canada’s counterpunch of US$21 billion in tariffs on US exports, signal that trading partners aren’t backing down.

This tit-for-tat dynamic is classic trade war territory, and it’s injecting a heavy dose of uncertainty into an already fragile global risk sentiment. From my vantage point, it’s clear that markets are wrestling with two competing forces: the fear of economic disruption and the hope that cooler heads—or at least softer data—might prevail.

Take the US February CPI data released yesterday, for instance. It came in at +0.2 per cent month-on-month and 3.1 per cent year-on-year, undercutting expectations of 0.3 per cent and 3.2 per cent, respectively. The softer print, driven largely by weaker services inflation, was a sigh of relief for investors who’ve been jittery about stagflation—a toxic mix of stagnant growth and rising prices.

In a world where Trump’s tariffs could easily stoke inflation by driving up the cost of imported goods, this data offered a counter-narrative: maybe price pressures aren’t as relentless as feared. The market reaction was telling. The S&P 500 climbed 0.5 per cent, buoyed by mega-cap tech stocks that have become the darlings of this volatile era, while the Nasdaq jumped 1.2 per cent.

The VIX, often dubbed Wall Street’s “fear index,” slid to 24.23 from 26.92, marking its second day of easing. It’s not a full-on celebration—24.23 is still elevated compared to calmer times—but it’s a sign that the CPI data gave risk sentiment a much-needed lift.

Yet, beneath the surface, the bond market told a slightly different story. The 10-year US Treasury yield ticked up 3.3 basis points to 4.312 per cent, while the 2-year yield rose more sharply by 4.3 basis points to 3.987 per cent. This narrowed the yield spread between the two to 32.6 basis points, a subtle shift that hints at shifting expectations about growth and inflation.

Typically, a narrower spread can signal concerns about economic slowdown, but in this case, it might also reflect a market pricing in the Fed’s likely pause on rate cuts. The softer CPI didn’t dismantle the narrative of a patient Federal Reserve, which has been signaling it’s in no rush to ease policy further unless growth takes a serious hit. For now, the Fed seems content to let the data guide its hand, and investors are hanging on every number.

Across the Atlantic, Europe’s response to the tariff saga has been a mix of resilience and defiance. The DAX surged 1.6 per cent, leading a broader recovery in European indices that had been battered by tariff fears earlier this week. It’s a fascinating contrast: while the EU is gearing up to hit back at the US, its markets are finding some footing, perhaps buoyed by the US inflation reprieve and a sense that trade fragmentation, while disruptive, isn’t an immediate death knell.

ECB President Christine Lagarde’s comments yesterday added another layer to this narrative. She warned that large shocks—like these tariffs—could amplify inflationary risks and lead to “more disruptive relative price changes.” It’s a sober reminder that Europe isn’t just a bystander in this trade war; it’s a player with its own vulnerabilities, especially given its export-driven economies like Germany.

Meanwhile, in Canada, the Bank of Canada (BoC) made its move, trimming its key policy rate by 25 basis points to 2.75 per cent, right on cue with market expectations. But the tone from the BoC was anything but routine. Governor Tiff Macklem didn’t mince words, cautioning about “a new crisis” as the central bank braces for the fallout from US tariffs. Canada, which sends about 75 per cent of its exports to the US, is uniquely exposed here.

Steel and aluminium tariffs could hammer its industrial sector, and the ripple effects—think weaker growth, a softer loonie, and higher import costs—could test the BoC’s resolve. From my perspective, this rate cut feels like a preemptive strike, a way to cushion the economy against what’s coming. But Macklem’s crisis talk suggests the bank knows it might need to do more if the trade war digs in.

Then there’s the crypto angle, which adds a wild card to this already complex picture. Bitcoin climbed 1.8 per cent to US$83,511.6 early today, catching a tailwind from Wall Street’s overnight rebound. It’s a modest recovery from its weakest levels this year, but the bigger story is what’s holding it back: recession fears and trade war jitters. Trump’s tariffs, now in effect, and his promise of reciprocal duties by April 2—potentially targeting Europe with even higher rates—keep markets on edge.

The idea that these policies could choke global trade, juice US inflation, and tip the economy into recession isn’t just theoretical; it’s a scenario traders are pricing in. Trump and his team have brushed off these concerns, framing any turbulence as a necessary growing pain for their agenda. But their flip-flopping—like granting Canada and Mexico a temporary reprieve on some tariffs—only fuels the uncertainty.

Ethereum’s story is even bleaker. The ETH/BTC pair, which measures Ether’s strength against Bitcoin, slumped over 1.5 per cent to 0.022, its lowest since May 2020. That’s part of a brutal multi-year slide—down more than 85 per cent from its 2017 peak of 0.156. The two-week ETH/BTC chart shows the relative strength index (RSI) at a record low of 23.32, deep in oversold territory.

Normally, an RSI below 30 hints at a potential bounce, but Ether’s relentless decline suggests the downtrend has legs. As a journalist, I see this as a microcosm of broader market dynamics: risk assets, even speculative ones like crypto, are struggling to find solid ground amid all this noise.

Stepping back, what strikes me most is the interplay between fear and hope in these markets. The US tariffs are a tangible threat—steel and aluminium prices could spike 10-20 per cent based on 2018 precedent, jacking up costs for everything from cars to construction. Jobs might tick up in those sectors, but downstream industries could bleed positions as costs rise.

Canada’s retaliation, targeting US$21 billion in US goods, and the EU’s US$28.3 billion counterstrike, amplify the stakes. Yet, the softer US CPI and the Fed’s steady hand offer a counterweight, a glimmer that maybe this won’t spiral into chaos. Gold’s 0.6 per cent uptick reflects safe-haven buying, but Brent crude’s 2 per cent jump on gasoline demand shows there’s still some economic pulse out there.

We’re in a precarious moment. Global risk sentiment is fragile because it’s caught between real economic risks and the faint hope of stabilisation. Trump’s tariffs could be a negotiating tactic—he’s hinted at flexibility before—but if they stick, the damage could be profound. Central banks like the BoC and ECB are on high alert, ready to adapt, but their tools might not be enough if trade fragmentation deepens. For investors, it’s a tightrope walk: chase the rallies in tech or hunker down with gold and bonds.

“For the rest of us, it’s a waiting game—watching how this chess match plays out, move by unpredictable move.” — Anndy Lian

 

 

 

Source: https://e27.co/global-markets-in-flux-tariffs-stir-the-pot-cpi-cools-the-heat-20250313/

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

When tariffs danced with Bitcoin and markets held their breath

When tariffs danced with Bitcoin and markets held their breath

I’ve been closely following the whirlwind of events shaping global markets on March 12, 2025. The past 24 hours have been a rollercoaster for investors, policymakers, and analysts alike, with shifting narratives around tariff measures, deteriorating global trade relations, and a bold new step into the cryptocurrency realm by the US government.

From President Trump’s tariff tango with Canada to the unveiling of a Crypto Strategic Reserve, there’s a lot to unpack. Here’s my take on what’s driving the global risk sentiment, how markets are reacting, and what this all might mean for the future—grounded in the data and developments at hand.

Let’s start with the tariff saga, which has been the headline-grabber of the day. Overnight, President Trump sent shockwaves through markets by threatening to double tariffs on Canadian steel and aluminum to a hefty 50 per cent. This wasn’t just a shot across the bow—it was a cannon blast aimed at one of the US’s closest trading partners.

The move came after a weekend interview where Trump had already stoked recessionary fears by hinting at aggressive trade policies to protect American interests. For a moment, it looked like we were hurtling toward a full-blown trade war escalation.

But then, in a classic Trumpian pivot, he walked it back to the previously announced 25 per cent rate after Ontario agreed to suspend a 25 per cent surcharge on electricity exports to the US This rapid de-escalation underscores a pattern we’ve seen before: bold threats followed by pragmatic deal-making. It’s a high-stakes game of chicken, and so far, it seems Canada blinked first.

The market reaction was predictably volatile. US stock indices took a beating on Tuesday, with the MSCI US index sliding 0.7 per cent, dragged down by a 1.5 per cent drop in industrials—sectors most exposed to trade disruptions. The S&P 500, already nursing a six per cent decline from last week (its lowest point in six months), couldn’t shake off the tariff jitters, though it did claw back some losses from session lows.

Across the Atlantic, the STOXX 600 shed 1.7 per cent, reflecting Europe’s growing unease about being the next target of Trump’s tariff threats. Meanwhile, US Treasury yields ticked higher, with the 10-year note climbing 6.7 basis points to 4.280 per cent and the 2-year up 6 basis points to 3.943 per cent.

The yield spread widened slightly to 33.9 basis points, hinting at lingering uncertainty about the economic outlook. The US Dollar Index, however, dipped 0.5 per cent, while gold—a classic safe-haven asset—rebounded 0.9 per cent. Brent crude eked out a 0.4 per cent gain to settle at US$69.56 per barrel, reversing some recent losses but still reflecting oil’s sensitivity to global growth fears.

What’s fascinating here is the contrast in Asia, particularly China. Despite the heavy sell-off in US equities overnight, China’s onshore markets bucked the trend. The Shanghai Composite (SHCOMP) and Shenzhen Composite (SZCOMP) both rose 0.4 per cent, buoyed by robust domestic buying.

This resilience suggests that Chinese investors are betting on Beijing’s ability to cushion any fallout from US tariffs—perhaps through stimulus or a weaker yuan. It’s a reminder that while the US remains the world’s economic heavyweight, other players are finding ways to adapt and thrive amid the chaos.

On the data front, the US economy is sending mixed signals. The NFIB Small Business Optimism Index for February fell more than expected, a worrying sign for the backbone of the American economy.

Small businesses are often the first to feel the pinch of trade uncertainty and rising costs, and this retreat could foreshadow broader weakness. Yet, the labor market continues to hold its own. January’s JOLTS data showed job openings edging up to 7.74 million, or a 4.6 per cent rate—proof of resilience despite the tariff noise.

All eyes are now on tonight’s February CPI inflation data, which could either soothe or inflame market nerves. If inflation ticks higher than anticipated, it might force the Federal Reserve to rethink its rate-cutting stance, adding another layer of complexity to an already jittery landscape.

Then there’s the cryptocurrency bombshell, which could prove to be the most consequential story of the day. David Sacks, the White House’s newly minted crypto czar, announced that the Treasury Department will focus on boosting the value of Bitcoin, XRP, and other digital assets already in the government’s possession.

This follows President Trump’s signing of an executive order to establish a Crypto Strategic Reserve, greenlighting Bitcoin (BTC), Ethereum (ETH), XRP, Solana (SOL), and Cardano (ADA) for inclusion. It’s a stunning move—one that signals the US is not just dipping its toes but diving headfirst into the digital asset pool. The stated goal? To diversify national assets and bolster America’s financial posture in a world where cryptocurrencies are increasingly influential.

Bitcoin, currently trading above US$82,000 after a four per cent gain in the past 24 hours, is at the heart of this narrative. It’s a sharp rebound from its recent 30 per cent correction off an all-time high of US$109,350, and technical indicators suggest this dip might be nearing its end. Unlike the brutal 41 per cent crash in November 2021, this pullback feels different—less like the start of a bear market and more like a healthy breather amid unprecedented government backing.

The inclusion of other heavyweights like Ethereum, XRP, Solana, and Cardano only amplifies the stakes. This isn’t just about holding tokens; it’s about integrating crypto into the fabric of the US financial system, potentially legitimising it on a scale we’ve never seen.

The implications are profound. For one, it could reshape global risk sentiment in ways tariffs never could. While trade wars dent growth and stoke inflation, a US-led crypto reserve might spark a digital arms race, with other nations racing to stockpile their own reserves.

Posts on X already hint at this sentiment, with users like @digitalartchick noting that the real story isn’t the US buying assets but signalling to the world that crypto is now a geopolitical chess piece.

If countries like China or Russia follow suit, we could see a seismic shift in how wealth and power are measured. On the flip side, critics like @mansikthecat warn of downsides—government control over crypto could lead to price manipulation, undermining the decentralised ethos that drew many to the space in the first place.

From a market perspective, the crypto reserve adds a wild card to an already turbulent mix. Bitcoin’s four per cent jump today contrasts sharply with the S&P 500’s woes, suggesting digital assets might decouple from traditional markets in times of stress. Gold’s 0.9 per cent rise shows safe-haven demand is alive and well, but crypto could soon rival it as a go-to hedge if the US keeps pushing this agenda.

The Treasury’s focus on “increasing the value” of these assets also raises questions: Will they actively manage the portfolio? Buy more during dips? The lack of clarity keeps markets on edge, but the intent is clear—America wants to dominate the crypto frontier.

My view? This is a watershed moment, but it’s not without risks. The tariff flip-flops show Trump’s penchant for disruption, which keeps markets guessing and risk aversion high. The Crypto Strategic Reserve, while visionary, could backfire if it spooks investors or triggers retaliation—imagine China dumping US Treasuries to fund its own crypto hoard.

Yet, the US labour market’s strength and China’s equity resilience offer glimmers of hope. Tonight’s CPI data will be a litmus test: a tame reading could steady the ship, while a hot one might sink it.

For now, I see a world in flux—trade tensions pulling one way, digital innovation the other, and markets caught in the crossfire. I’ll keep digging for the facts, but one thing’s certain: March 12, 2025, will be remembered as a day when the old and new economies collided.

 

Source: https://e27.co/when-tariffs-danced-with-bitcoin-and-markets-held-their-breath-20250312/

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