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Tech crash 2.0: AI hype meets labour reality as Nasdaq and Bitcoin tumble in tandem

Tech crash 2.0: AI hype meets labour reality as Nasdaq and Bitcoin tumble in tandem
At the heart of this turmoil lies a potent mix of deteriorating labour market conditions, evaporating liquidity in digital asset markets, and a sharp repricing of artificial intelligence-driven equity valuations that had been stretched to unsustainable levels. The data paints a coherent picture of a market losing its nerve, with investors rapidly rotating out of speculative assets and into safer havens, even as technical indicators flash warnings of oversold conditions that may soon invite a countertrend move.

The trigger for this week’s pullback was unequivocally the labour market report from Challenger, Grey & Christmas, which revealed that US-based employers announced 153,074 job cuts in October 2025. This figure represents a staggering 175 per cent increase compared to the same month last year and marks the highest number of October layoffs since 2003.

The scale of these cuts, driven by a combination of slowing consumer and corporate spending and the accelerating adoption of artificial intelligence for cost optimisation, sent shockwaves through equity markets already anxious about lofty valuations in the tech sector. The data provided tangible evidence of an economic slowdown that many investors had previously dismissed as transitory, forcing a reassessment of the resilience of the US economy in the face of persistent inflation and higher-for-longer interest rates.

This reassessment was immediately reflected in the performance of US equities on Thursday, November 6, 2025. The tech-heavy Nasdaq Composite bore the brunt of the selloff, plummeting 1.9 per cent, while the broader S&P 500 declined by 1.1 per cent and the Dow Jones Industrial Average fell by 0.8 per cent. The sharp move lower in the Nasdaq, in particular, was a direct consequence of investors taking profits from AI-related stocks that had powered the market’s rally for much of the year.

The behaviour of the US Treasury market further validated this flight from risk. As investors sought safety, yields on government debt fell sharply. The yield on the two-year Treasury note dropped by 7.2 basis points to settle at 3.557 per cent, while the benchmark 10-year yield declined by 7.6 basis points to close at 4.083 per cent. This rally in bonds signalled growing expectations that the Federal Reserve’s tightening cycle may be nearing its end, or that a more severe economic downturn could be on the horizon, prompting a potential pivot in monetary policy.

The US Dollar Index, a traditional safe-haven asset, paradoxically weakened, falling by 0.5 per cent to 99.71. This counterintuitive move can be interpreted as a sign that the market’s fear is not of a global crisis that would boost demand for the dollar, but rather a more domestic US-centric slowdown. In such a scenario, the expectation of future rate cuts by the Fed outweighs the currency’s safe-haven appeal. This narrative was reinforced by the action in the commodities market.

Gold, the ultimate monetary hedge, saw its price rise to US$4,001 per ounce, a gain of 1.5 per cent, as capital rotated into a store of value perceived to be outside the direct influence of central bank policy. Conversely, oil prices weakened as the prospect of a US economic slowdown dented demand expectations. Brent crude settled at US$63.38 per barrel, down 0.2 per cent, a move exacerbated by Saudi Arabia’s decision to lower the official selling prices of its crude oil to Asian customers, a clear signal of its own concerns over future demand.

In the digital asset space, the market’s reaction was swift and severe. The crypto market fell 1.65 per cent over the last 24 hours, extending a 7.2 per cent weekly loss. This selloff was not driven by a single factor but by a perfect storm of negative catalysts. The primary trigger was a decisive technical breakdown in Bitcoin’s price structure.

For weeks, the US$100,000 level had served as a critical psychological and structural support. When Bitcoin’s price dropped below this key threshold, it activated a cascade of automated sell orders from a fragile market that had been clinging to hope. This breakdown was confirmed by its close below its 365-day moving average at US$102,000, a long-term trend indicator whose breach is a serious bearish signal for long-term investors.

Compounding this technical failure was a dramatic evaporation of market liquidity. In an environment of fear, traders became unwilling to take on risk. Derivatives volume plunged by 39 per cent in 24 hours, with open interest collapsing to its lowest level since May 2025.

The spot-to-perpetual trading ratio of 0.24, a metric that shows the dominance of leveraged trading over simple spot transactions, indicated that traders were not just selling but were also actively avoiding any form of leveraged position. This lack of liquidity amplified the price moves, creating a negative feedback loop where a small sell order could create a disproportionately large price drop due to the absence of buyers.

The behaviour of the spot Bitcoin ETFs provided the most compelling evidence of a macro-driven selloff. This week, these funds saw a staggering US$3.6 billion in net redemptions, marking one of the worst outflow streaks since their inception. This was not a retail-driven panic but a wholesale retreat by institutional investors. These large players, who are more attuned to macroeconomic signals and portfolio risk management, used the ETFs as a convenient vehicle to exit their crypto exposure en masse.

Their actions decisively tethered the fate of the entire crypto market to that of the Nasdaq, with the two assets showing a near-perfect 0.95 correlation this week. This link demonstrates that for the current market cycle, crypto is being treated not as a separate, uncorrelated asset class, but as a high-beta, risk-on component of the broader technology and growth equity complex.

The path forward for the markets is now precariously balanced on a knife’s edge. The current oversold conditions in both the Nasdaq and Bitcoin, with the latter’s RSI at a low 31.5, suggest that a short-term bounce is a distinct possibility. A sustained recovery will require a fundamental shift in the underlying narrative. For equities, that would mean evidence that the labour market is stabilising or that the Fed is ready to signal a clear pivot towards rate cuts.

For Bitcoin, the critical threshold is a decisive daily close back above the US$100,000 level to invalidate the bearish technical structure, coupled with a halt to the ETF outflows and a return of institutional confidence. Until these conditions are met, the market will remain vulnerable to any further negative macroeconomic data, and the current risk-off environment is likely to persist.

 

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

Macro reality check: Why US$4,000 gold and falling BTC go hand in hand

Macro reality check: Why US$4,000 gold and falling BTC go hand in hand

Risk sentiment has retreated sharply, not due to a sudden economic contraction, but rather to growing investor unease over the sustainability of surging artificial intelligence-related capital expenditures and a surprisingly hawkish pivot from the US Federal Reserve.

Despite delivering a widely anticipated 25-basis-point rate cut to a target range of 3.75 per cent to 4.00 per cent, Chair Jerome Powell used the post-decision press conference to push back firmly against expectations of further easing, warning that inflation remains sticky and that the labour market, while cooling, still shows signs of underlying strength. This messaging effectively neutralised the dovish implications of the cut itself, triggering a repricing across asset classes.

Equity markets responded with a clear rotation out of high-duration tech names. The Nasdaq fell 1.6 per cent, significantly underperforming the Dow Jones, which declined only 0.2 per cent. This divergence underscores a market increasingly sceptical of the lofty valuations underpinning the AI trade, which had been a primary driver of the year’s gains. The repricing was mirrored in the bond market, where yields edged higher.

The benchmark 10-year Treasury yield climbed by two basis points to settle at 4.097 per cent, while the two-year yield rose one basis point to 3.608 per cent. This steepening of the yield curve, albeit modest, signals that traders are now pricing in a more prolonged period of elevated rates than previously expected. The US Dollar Index capitalised on this shift in sentiment, rising 0.3 per cent to 99.53, its highest level in three months, as global capital sought the relative safety of the greenback.

This risk-off environment spilt over into commodities and, more acutely, into the cryptocurrency market. Gold, often a haven during uncertainty, surged by 2.4 per cent to close at an extraordinary US$4,023.20 per ounce, a level that speaks to deep-seated anxieties about long-term monetary debasement and a potential flight from traditional financial assets. In the oil market, Brent crude was relatively stable, gaining just 0.1 per cent to settle at US$65 per barrel.

This calm, however, belies a complex backdrop. The market is digesting news that OPEC+ is poised to approve another modest output increase of 137,000 barrels per day for December, a move that would continue its gradual unwinding of production cuts. This potential supply boost is being counterbalanced by new US sanctions on Russia, which have stoked uncertainty about the reliability of global oil supply, creating a tense equilibrium that has so far prevented a major price move in either direction.

Against this macroeconomic tapestry, the cryptocurrency market has entered a period of pronounced weakness. Over the past 24 hours, the total market capitalisation has fallen by two per cent, extending a monthly decline of 6.46 per cent. The current market cap stands at approximately US$3.67 trillion, a figure that has broken below both its seven-day and 30-day simple moving averages, signalling a clear deterioration in its technical structure. This downturn is not a simple market correction but the result of a confluence of powerful, bearish forces operating in unison.

The most significant driver of this weakness is a sudden and substantial exodus of institutional capital from Bitcoin spot ETFs. On October 30, these funds recorded a net outflow of US$488 million, the largest single-day withdrawal since June 2025. The selling was led by the market’s two heaviest weights: BlackRock’s IBIT saw US$291 million flee its coffers, while Ark Invest’s ARKB bled a further US$65.6 million. This synchronised institutional retreat is a critical development.

For much of 2025, the steady inflow of capital into these ETFs had been the bedrock of Bitcoin’s price stability and its primary source of new demand. The abrupt reversal suggests that large, sophisticated players are either taking profits after a strong run or, more ominously, are repositioning their portfolios in anticipation of a more challenging macro environment ahead. With total ETF assets now at US$143.9 billion, the market is now on high alert for November’s flow data, which will be the key indicator of whether this is a temporary pause or the beginning of a sustained institutional withdrawal.

Compounding this problem is a sharp contraction in the derivatives market. Total open interest, a measure of the total value of outstanding leveraged bets, has plummeted by 4.4 per cent, falling from US$848 billion to US$812 billion. At the same time, average funding rates on perpetual futures contracts have turned negative, settling at -0.0018 per cent. This combination is a classic sign of market deleveraging.

Traders are actively closing their long positions, often at a loss, to reduce their risk exposure. While this process of forced liquidation removes the immediate threat of a cascading crash, it also strips the market of its bullish momentum. The negative funding rate confirms that the short-term sentiment is firmly bearish, as those holding short positions are now being paid to do so by the longs who remain in the market.

From a technical perspective, the picture is equally grim. The market has not only broken key moving averages but has also seen its Relative Strength Index (RSI) fall to 40.9, entering oversold territory. The Moving Average Convergence Divergence (MACD) indicator remains in negative territory, suggesting that the bearish momentum is still in control.

This creates a precarious situation where the market is technically primed for a bounce, but the underlying trend remains firmly down. The next major support level appears to be the US$3.6 trillion mark, a 78.6 per cent Fibonacci retracement level, which will be a critical test of the market’s resilience.

The prevailing sentiment is one of fear. The market’s Fear and Greed Index has plunged to 31, a level categorised as Extreme Fear and the lowest it has been in a week. This psychological state is further amplified by a rising Bitcoin dominance index, which now sits at 59.3 per cent.

When Bitcoin’s share of the total crypto market cap increases during a downturn, it typically indicates that investors are fleeing from riskier altcoins and rotating into what they perceive as the safest asset in the space. This dynamic suggests that if the current pressure continues, altcoins could face even more severe selling than Bitcoin itself.

In conclusion, the crypto market’s current malaise is a direct reflection of a broader macroeconomic shift. The trifecta of institutional caution, derivatives deleveraging, and a broken technical structure has created a formidable headwind. While the oversold conditions may eventually attract bargain hunters, the market is in desperate need of a catalyst to reverse its course.

That catalyst could come in the form of a renewed wave of ETF inflows, signaling that institutions have regained their confidence, or from a more dovish signal from the Federal Reserve that eases the pressure on risk assets. Until then, the path of least resistance remains lower, and all eyes will be on whether Bitcoin can hold its October low near US$105,000 as the ultimate test of its underlying support.

 
 

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

Liquidity dreams meet reality: How the Fed’s 25-basis-point cut is (and isn’t) changing everything

Liquidity dreams meet reality: How the Fed’s 25-basis-point cut is (and isn’t) changing everything

Global risk sentiment demonstrated resilience on Thursday, September 18, following the Federal Reserve’s anticipated 25 basis point reduction in its benchmark interest rate during the FOMC meeting that concluded the previous day. The decision passed with an 11-1 vote, a move that aligned with market expectations amid signs of a softening labour market in the US. Investors absorbed the news without much disruption, as the central bank navigated a delicate balance between supporting economic growth and guarding against persistent inflation pressures.

This adjustment brought the federal funds rate target range down to 4.00 per cent to 4.25 per cent, marking the first cut in the current easing cycle. The lone dissenter, Stephen Miran, whom President Donald Trump recently appointed to the Federal Reserve Board, pushed for a more aggressive 50 basis point reduction instead. Miran’s position reflected a bolder approach to monetary policy, one that prioritised quicker stimulus to bolster employment and consumer spending in the face of recent job market weaknesses, such as the unemployment rate ticking up to 4.2 per cent in August data released earlier in the month. His vote highlighted internal divisions within the Fed, particularly as Trump’s influence shapes the board’s composition with appointees who favour looser policy to align with the administration’s pro-growth agenda.

Fed Chair Jerome Powell addressed the media in a press conference after the announcement, and his remarks carried a subtly hawkish undertone that tempered immediate enthusiasm for further easing. Powell emphasised the economy’s underlying strength, pointing to robust consumer spending and a solid corporate sector as reasons to proceed cautiously with rate adjustments. He avoided committing to a rapid series of cuts, instead stressing the need for data-dependent decisions amid uncertainties like potential trade tariffs and geopolitical tensions. This stance contrasted with more dovish expectations from some analysts who anticipated a clearer path toward sub-3 per cent rates by mid-2026. The Fed’s updated economic projections reinforced this measured approach, forecasting two additional quarter-point cuts by the end of 2025 and just one more in 2026, a trajectory that fell short of the market’s hopes for deeper relief.

Participants in the Summary of Economic Projections median outlook saw the federal funds rate ending 2025 at 3.875 per cent, with inflation projected to hover around 2.5 per cent, slightly above the central bank’s long-term target. In my view, Powell’s comments serve as a prudent reminder that the Fed prioritises stability over knee-jerk reactions, even if it disappoints those betting on aggressive easing to fuel asset rallies. This hawkish lean could cap upside in equities and commodities in the near term, but it also prevents the kind of overheated markets that led to past bubbles.

Wall Street wrapped up trading on Wednesday, September 17, with a mixed performance that reflected the nuanced Fed outcome. The Dow Jones Industrial Average climbed 0.57 per cent, buoyed by gains in cyclical sectors like industrials and financials that stand to benefit from lower borrowing costs. In contrast, the S&P 500 dipped 0.10 per cent, while the Nasdaq Composite shed 0.33 per cent, dragged down by technology stocks sensitive to interest rate shifts.

Big tech names such as Apple and Nvidia posted modest declines, as investors rotated out of high-valuation growth plays toward value-oriented sectors. This rotation underscores a broader market dynamic where the Fed’s tempered guidance prompted a reassessment of risk premiums, with the VIX volatility index easing slightly to 15.2, indicating subdued fear levels. Overall, the session’s close suggested that while the rate cut provided a tailwind, Powell’s hawkish signals introduced caution, preventing a broad rally.

US Treasury yields moved higher on Wednesday, signalling that bond investors viewed the Fed’s path as less accommodative than hoped. The 10-year Treasury yield rose four basis points to settle at 4.07 per cent, while the two-year yield also increased by four basis points to 3.54 per cent. This uptick flattened the yield curve slightly, with the spread between the 10-year and two-year notes narrowing to 0.53 percentage points, a level that hints at lingering concerns over future growth without aggressive policy support. Higher yields typically pressure equities by raising the cost of capital, but they also attract foreign inflows to US debt, bolstering the dollar. In this context, the modest rise appears justified, as it aligns with the Fed’s projection of slower rate convergence to neutral levels.

The US dollar index advanced 0.25 per cent to 96.87, gaining ground against a basket of major currencies as the Fed’s decision reinforced the relative strength of the American economy. The dollar’s uptick came despite the rate cut, driven by expectations of shallower easing compared to peers like the European Central Bank, which has signalled more cuts ahead. This resilience in the greenback could weigh on exporters and emerging markets, but it also curbs imported inflation, giving the Fed more room to manoeuvre.

Gold prices pulled back 0.2 per cent to US$3,681.39 per ounce after touching a record high earlier in the session, as the dollar’s strength and higher yields diminished the metal’s appeal as a safe-haven asset. Despite the retreat, gold has surged over 40 per cent year-to-date, fueled by central bank purchases and geopolitical risks. The Fed cut typically supports non-yielding assets like gold by improving liquidity, but Powell’s cautious tone introduced profit-taking. I see gold’s pullback as temporary, with its long-term bullish case intact given ongoing uncertainties around elections and trade policies.

Asian equities showed strength on Wednesday, rallying on anticipation of the Fed’s rate cut, with Hong Kong’s Hang Seng Index leading the charge by jumping 1.78 per cent to its highest level since November 2021. This surge is tied directly to Chief Executive John Lee’s policy address, where he outlined ambitious initiatives to invigorate the economy. Lee pledged enhanced support for artificial intelligence development through tax incentives and R&D funding, alongside measures to stabilise the property sector via relaxed stamp duties and increased land supply targets for the next decade. He also accelerated plans for the Northern Metropolis project, aiming to create a tech hub with improved infrastructure and talent attraction programs. These announcements addressed key pain points like high housing costs and sluggish innovation, boosting investor confidence in Hong Kong’s post-pandemic recovery. Mainland Chinese stocks followed suit, with the CSI 300 up 1.2 per cent, while Japan’s Nikkei 225 gained 0.8 per cent on export optimism.

In early trading on September 18, Asian markets traded mixed, with some profit-taking after the prior day’s gains. Tokyo’s Nikkei edged up 0.6 per cent to a fresh record, driven by real estate and tech advances, while Shanghai Composite held flat amid caution over US-China trade rhetoric. Hong Kong’s HSI dipped 0.3 per cent initially, consolidating after the policy boost. US equity index futures pointed to a higher open, with S&P 500 contracts up 0.4 per cent and Nasdaq futures rising 0.5 per cent, signalling renewed risk appetite as traders digested the Fed’s move.

The cryptocurrency market climbed 0.97 per cent over the last 24 hours, extending a seven-day uptrend of 3.56 per cent, as institutional interest and macroeconomic tailwinds propelled digital assets higher. Bitcoin hovered around US$96,000, while Ethereum pushed toward US$4,000, reflecting a risk-on rotation that favoured altcoins amid Fed rate cut optimism. Surging inflows into exchange-traded funds played a pivotal role, with Bitcoin and Ethereum ETFs absorbing US$642 million and US$405 million, respectively, this week, pushing combined holdings to substantial levels. The SEC’s approval of Grayscale’s multi-asset ETF further amplified sentiment, channelling regulated capital into the space and creating sustained demand that offsets typical sell pressures from miners or long-term holders.

This institutional demand via ETFs carries profound bullish implications for crypto’s maturation. With Bitcoin ETF assets under management reaching US$152 billion and Ethereum’s at US$24.23 billion, these vehicles democratize access for traditional investors wary of direct wallet management. The week’s US$1.04 billion in combined inflows underscores a structural shift, where pensions and endowments allocate to crypto as a portfolio diversifier. Looking ahead, the September 17 FOMC meeting’s outcome could spark even more inflows if markets interpret the cuts as liquidity-enhancing. In my opinion, this trend solidifies crypto’s place in mainstream finance, reducing volatility over time and attracting trillions in eventual capital, though regulators must balance innovation with consumer protections to avoid setbacks.

Fed rate cut speculation added fuel to the crypto rally, with markets pricing a 96.4 per cent probability of the 25 basis point move via tools like Goldman Sachs’ models and the CME FedWatch. Traders anticipate a US$1.9 trillion liquidity injection across the system, correlating strongly with crypto’s performance, as evidenced by the 0.78 correlation coefficient with the Nasdaq-100 over the past day. Lower rates diminish the opportunity cost of holding high-volatility assets like Bitcoin, while a softer dollar historically boosts crypto prices by making them cheaper for international buyers. Past cycles show Bitcoin gaining an average of 25 per cent in the month following initial Fed cuts, a pattern that aligns with current dynamics. However, the hawkish elements in Powell’s speech introduce risks; if future meetings signal pauses, crypto could face sharp corrections. I view this as a net positive for the sector, as easier money encourages speculative flows, but investors should brace for amplified swings tied to macro news.

The acceleration of altcoin season presents a mixed bag, with the Altcoin Season Index climbing to 72, up 10.77 per cent weekly, indicating alts outperforming Bitcoin. Ethereum led with a 5.63 per cent gain, Solana surged 57 per cent on DeFi momentum, and BNB rose 10.8 per cent amid exchange ecosystem growth. Decentralised exchange volumes jumped 25.11 per cent, as capital rotated away from Bitcoin, whose dominance slipped to 56.91 per cent. This shift signals broadening market participation, with low-cap tokens drawing retail frenzy.

The rally’s fragility shines through in its reliance on liquidity; a hawkish Fed pivot or regulatory crackdown could reverse gains swiftly, especially for speculative alts lacking fundamentals. Derivatives activity amplified the move, with perpetuals volume hitting US$434.48 trillion, up 8.61 per cent, and funding rates spiking 91.68 per cent, pointing to leveraged exuberance. From my perspective, altseason fosters innovation in areas like AI-blockchain integrations and layer-2 scaling, but it also breeds excess. Prudent investors should focus on established alts with real utility, like Ethereum’s staking yields or Solana’s speed, rather than chasing memes, to navigate the volatility inherent in this phase.

In wrapping up this market panorama, global assets exhibit cautious optimism post-Fed, with equities poised for gains, commodities consolidating, and crypto thriving on institutional bets. The interplay of central bank actions and policy initiatives, from Washington’s rate path to Hong Kong’s reforms, shapes a landscape ripe for opportunity yet laced with uncertainties.

As a journalist tracking these flows, I remain bullish on risk assets over the longer horizon, convinced that easing cycles historically reward patient capital, but I urge vigilance against overextension in the face of evolving Fed rhetoric and geopolitical crosswinds. This week’s developments affirm that while the Fed’s hand guides the market, diverse catalysts like ETF momentum and regional policies add layers of complexity to the narrative.

 

Source: https://e27.co/liquidity-dreams-meet-reality-how-the-feds-25-basis-point-cut-is-and-isnt-changing-everything-20250918/

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