Tag Archives: us

Bitcoin soars to US$116K: Is US$200K next thanks to Trump?

Bitcoin soars to US$116K: Is US$200K next thanks to Trump?

Global risk sentiment has cooled recently, and the reasons are pretty clear. Investors are getting nervous about an overheated market, a phrase that surfaces when asset prices surge quickly, sometimes too quickly, sparking fears of a looming correction. After a robust rally across multiple markets, many are opting to lock in gains rather than push their luck.

This shift is evident in the US stock markets, which ended mixed overnight. The S&P 500 slipped 0.1 per cent, the Dow Jones dropped 0.5 per cent, while the Nasdaq climbed 0.4 per cent. To me, this divergence paints a picture: tech enthusiasts are still betting big, but other sectors are retreating, hinting at wider unease. It feels like a party where some are still grooving, yet others are inching toward the door.

Meanwhile, the Bank of England made waves on Thursday, trimming interest rates by 25 basis points to four per cent. The decision squeaked through with a 5-to-4 vote, underscoring the economic tightrope they’re walking. Governor Bailey shed some light, suggesting borrowing costs could keep drifting down since inflation might not linger.

However, he tempered that with a warning, noting the next cut’s timing remains up in the air. I see this as the BOE’s balancing act, supporting growth without rekindling inflation. For markets, this blend of decisiveness and hesitation adds complexity. Investors crave certainty, and Bailey’s cautious tone likely didn’t soothe many jitters.

US treasuries and the dollar’s dance

In the bond world, US Treasuries stumbled on Thursday after a tepid 30-year auction. Lackluster demand drove yields higher across the curve: the 30-year yield edged up 0.6 basis points to 4.826 per cent, the 2-year yield rose 1.4 basis points to 3.728 per cent, and the 10-year yield increased 1.2 basis points to 4.250 per cent.

What’s triggering this sell-off? I’d argue it’s investors reassessing their positions. Weak demand for long-term bonds often signals worries about future inflation or doubts about growth. People want more yield to commit their cash, and that ripples outward. This ties into those overheated market concerns, suggesting some are gearing up for turbulence.

The US Dollar Index throws in a curveball. It held steady on Thursday but dipped again on Friday, marking six straight sessions of losses, the longest streak since March 2024. A softening dollar stands out because it cuts both ways. It can boost US exports and pad corporate profits, yet it also hints at waning global faith, perhaps a drift from dollar assets. Combined with the Treasury sell-off, I wonder if investors are hunting for safer or juicier returns elsewhere.

Gold, oil, and Asian markets

Commodities offer their own narrative. Gold rose 0.8 per cent to US$3,396 per ounce, capitalising on the dollar’s slide. It’s a textbook play, when the dollar weakens, gold steps up as a safe haven. I view this as investors playing defence amid the uncertainty clouding stocks and bonds.

On the flip side, Brent crude fell 0.7 per cent to US$66.43 per barrel. Traders appear to be on edge, awaiting a Trump-Putin meeting. Given Russia’s oil clout, any news there could jolt supply and prices. I’d bet this dip is more about anticipation than a demand shift.

Asian stock markets sparked some optimism, ticking up at Friday’s open. US equity futures also hinted at a firmer stateside start. After Wall Street’s mixed cues, this feels like a cautious bounce. It suggests some are wading back in, perhaps thinking the profit-taking has peaked or that moves, like the BOE’s cut, might stabilise things. Still, it’s too early to call it a turnaround, more like a breather.

Bitcoin’s moment in the spotlight

Now, let’s focus on Bitcoin, which surged 1.87 per cent to US$116,731 in the last 24 hours, outpacing the broader crypto market’s 3.27 per cent gain. That’s a notable leap, and I think three key factors are at play: US policy shifts, corporate strategies, and technical signals. Let’s unpack them.

  • US policy tailwinds

US policy is shaking things up. Trump’s push to allow crypto in 401(k) accounts is ambitious. If it happens, it could tap into US$9 trillion in retirement funds for crypto. That’s massive, and it’s got institutions buzzing. Picture millions funnelling retirement savings into Bitcoin, and it’s a demand explosion. There’s also a draft executive order aiming to prevent banks from freezing out crypto firms.

Regulatory murkiness and banking woes have long hampered crypto’s mainstream rise, so this could open the floodgates for institutional cash. Plus, the GENIUS Act, targeting stablecoin rules, is on my radar. If it passes, it could bolster crypto stability. To me, these moves scream institutional green light, and Bitcoin’s price reflects that hope.

  • Corporate Bitcoin strategies

Companies are diving in deep. Cipher Mining has launched new Texas facilities, achieving a 16.8 EH/s capacity and holding US$112 million in Bitcoin. That stash strengthens the network and shrinks supply. Less Bitcoin floating around with steady or rising demand typically lifts prices.

Then there’s WiMi, a Nasdaq firm, pouring US$212 million into Bitcoin derivatives and short-term crypto bets. That’s not just hodling, it’s a calculated play, showing corporates are embracing crypto strategically. This is Bitcoin maturing from a fringe asset to a balance-sheet staple, a bullish sign.

  • Technical breakout setup

The charts are buzzing too. Bitcoin’s been forming a bullish flag since peaking at US$123,000 in July, a sharp rise followed by a consolidation, hinting at another jump. Support is solid at the 50-day moving average of US$113,154, a level traders obsess over.

Breaking US$117,350 could target that US$123,000 high again. The RSI at 56.55 suggests room to climb, though the MACD at -444.94 flashes bearish caution. I think it’s a toss-up: a breakout could ignite a rally, but a drop below US$113,000 might spark a pullback. Traders are likely salivating over the possibilities.

My point of view

So, what’s my take? The global market’s in an odd place, edgy but not collapsing. Profit-taking and the Treasury sell-off signal hedging, not a mass exodus. The BOE’s cut and Bailey’s wariness fit a world where inflation lingers like a stubborn guest. Gold’s rise and the dollar’s dip are classic safe plays, while oil’s drop feels like geopolitical suspense. Asian markets and US futures show grit, but I’d need more to call it a trend.

Bitcoin’s the one I can’t shake. Those US policy shifts could rewrite the game, drawing in big money like never before. Corporate moves from Cipher and WiMi reinforce that heavyweights are buying in. The technicals are tantalising, poised for a move, but direction’s unclear.

I’m bullish long-term, the fundamentals are compelling, yet I’d urge traders to watch those levels closely. We’re at a junction where macro nerves collide with crypto’s breakout shot. My hunch is Bitcoin’s got staying power, but the broader market’s still sorting itself out. Stay sharp.

 

Source: https://e27.co/bitcoin-soars-to-us116k-is-us200k-next-thanks-to-trump-20250808/

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 markets falter: US jobs, Russia, and Bitcoin’s moment to shine

When markets falter: US jobs, Russia, and Bitcoin’s moment to shine

Financial markets around the world have felt the ripple effects, with stock indices tumbling, Treasury yields dropping, and safe-haven assets like gold gaining ground. At the same time, Bitcoin has bucked the broader market trend, posting a modest gain amid a mix of institutional interest and technical factors.

As someone who closely follows economic and market developments, I find this confluence of events fascinating. It highlights how interconnected global markets are and how alternative assets like Bitcoin can sometimes move independently of traditional risk indicators.

A retreat in global risk sentiment

The retreat in global risk sentiment stems from two major catalysts: a weaker-than-expected US jobs report and escalating tensions between the US and Russia. The jobs report, released for July, showed non-farm payrolls growing by just 73,000, falling well short of the 104,000 that economists had anticipated.

To make matters worse, the previous two months’ figures underwent a sharp downward revision of 258,000 jobs. This kind of miss, combined with such a significant adjustment, sends a clear signal that the US labor market might be cooling faster than anyone expected. This isn’t just a statistical blip. It raises legitimate questions about whether the US economy, often seen as the backbone of global growth, could be heading toward a slowdown or even a recession.

Adding fuel to the fire, geopolitical tensions between the US and Russia have flared up again. The US recently slapped new sanctions on Russia, and Moscow responded with countermeasures. This back-and-forth has stoked fears of a broader conflict, one that could disrupt global trade and energy markets at a time when the world economy already feels fragile.

This is a classic case of uncertainty driving market behaviour. Investors hate unknowns, and right now, there’s a lot they can’t predict about how this standoff might play out.

The impact on financial markets has been immediate and pronounced. In the US, the S&P 500 dropped 1.6 per cent, the Dow Jones fell 1.2 per cent, and the NASDAQ took a steeper 2.2 per cent hit. Volatility spiked, with the VIX climbing above 20 for the first time in over a month. Over in Asia, stocks closed last Friday on a weak note, with the MSCI Asia ex-Japan Index shedding 1.58 per cent.

South Korea’s KOSPI bore the brunt of the decline, plunging 3.88 per cent after the government announced plans to tighten capital gains taxes on stocks and hike transaction taxes. These moves reflect a broader flight from risk assets. Meanwhile, US Treasuries surged as investors piled into safe havens, pushing yields down across the board.

The two-year yield dropped 27.5 basis points to 3.682 per cent, and the 10-year yield fell 15.8 basis points to 4.216 per cent, its lowest in a month. The US Dollar Index slid 0.8 per cent, while gold jumped 2.2 per cent and Brent crude oil slipped 2.8 per cent on worries about weakening energy demand. This market reaction underscores how quickly sentiment can shift when economic and geopolitical risks collide.

Looking ahead, the US economic calendar is relatively quiet this week, with only a handful of data releases scheduled. Earnings reports from multinational corporations, pharmaceutical firms, and major insurers will take center stage instead.

In Asia, though, the data flow is heavier, with July inflation figures due from several countries and second-quarter GDP numbers coming out of Indonesia and the Philippines. These releases could offer more clues about whether the global economy is stabilizing or sliding further. I think the lack of major US data might give markets a breather, but any surprises from Asia could easily sway sentiment again.

The US jobs report: A closer look

Let’s dig into the US jobs report, because it’s the linchpin of this risk-off mood. The 73,000 increase in non-farm payrolls for July was a stark disappointment compared to the 104,000 that analysts had forecasted. The downward revision of 258,000 jobs for the prior two months only deepened the gloom.

I’ve seen weaker reports before, but this one stands out for how much it underperformed expectations and how it rewrote recent history with those revisions. Historically, sharp drops in job growth have often signaled trouble ahead.

Think back to the 2008 financial crisis, when non-farm payrolls tanked by over 500,000 in a single month. We’re not at that level yet, but the parallel isn’t lost on me. It’s a reminder that labor market weakness can be a leading indicator of bigger economic problems.

The fallout from this report has shifted expectations for Federal Reserve policy in a big way. Before the data hit, markets priced in 32 basis points of rate cuts over the remaining three FOMC meetings this year. Now, Fed-dated Overnight Index Swaps suggest a combined 60 basis points of easing. That’s nearly a full quarter-point cut per meeting, a clear sign that traders expect the Fed to act decisively to prop up the economy.

I find this pivot telling. It shows how sensitive markets are to labor data and how quickly they can recalibrate when the numbers disappoint. Lower Treasury yields, especially the steep drop in the two-year to 3.682 per cent, back up this view. Investors are betting on a more dovish Fed, and I’d argue they’re right to do so. If job growth keeps faltering, the Fed won’t have much choice but to ease aggressively.

The broader market reaction ties directly to this policy shift. Stocks fell hard because weaker jobs data dents confidence in corporate earnings and economic growth. Treasuries rallied as investors sought safety and anticipated lower rates. Gold’s 2.2 per cent jump reflects its appeal as a hedge against uncertainty, while the drop in Brent crude points to fears of a demand slowdown. For me, this all fits together logically.

A cooling labor market doesn’t just affect Wall Street; it ripples through consumer spending, energy use, and global trade. The question now is whether this is a temporary stumble or the start of something more serious. I lean toward caution here, given the size of those revisions and the geopolitical backdrop.

Bitcoin’s uptick: A bright spot amid the gloom

Against this stormy backdrop, Bitcoin has managed to shine, climbing 1.11 per cent in the past 24 hours. That might not sound like much, but in a market where stocks are tanking and volatility is spiking, it’s a standout performance. Several factors are driving this gain, and I think they highlight why Bitcoin often dances to its own tune.

First, institutional accumulation has played a big role. SharpLink Gaming’s US$108 million purchase of Ethereum signals strong corporate interest in crypto, and US ETF inflows of US$1.18 billion weekly suggest the trend extends to Bitcoin, even if specific BTC ETF data isn’t fresh here. Institutional investors have boosted their Bitcoin holdings by over 50 per cent in the past year, a stat that catches my eye. It shows how much the asset’s appeal has grown among heavy hitters who see it as a long-term store of value.

Second, selling pressure has eased. Miners, who dumped 3,000 BTC between July 16 and August 1, according to CryptoQuant, have since paused their sales. That’s a relief for the market, because miner outflows can weigh heavily on prices. With corporate and ETF buying stepping in to offset what selling did occur, Bitcoin has found some breathing room. I see this as a supply-demand dynamic at work—less selling plus steady buying equals upward pressure.

Third, regulatory developments have added a tailwind. The SEC’s approval of in-kind crypto ETPs has made it easier for institutions to get involved, boosting confidence. Hong Kong’s plan to launch tokenized bonds in 2025 is another positive signal, pointing to a future where digital assets play a bigger role in finance. I’m optimistic about these moves. They suggest regulators are warming up to crypto, which could unlock more capital inflows down the road.

From a technical angle, Bitcoin’s price action looks solid. The 14-day Relative Strength Index rose from 37.72, an oversold level, to 46.09 over seven days, indicating that bearish momentum is fading. The price also held firm at the 38.2 per cent Fibonacci level of US$117,135 after testing it on August 3, and the 200-day Exponential Moving Average at US$99,720 remains a strong long-term support.

To me, these levels matter. They show Bitcoin has a foundation to build on, even when broader markets wobble. The Fear & Greed Index ticking up from 48 to 52 in 24 hours reinforces this, despite US$164 million in long liquidations. It’s a sign that sentiment is shifting, and I’d argue it’s spot-driven demand—real buying, not just leverage—that’s keeping Bitcoin afloat.

My take and what’s next

Putting it all together, we’ve got a tale of two markets. On one hand, global risk sentiment is reeling from a dismal jobs report and US-Russia tensions. Stocks are down, yields are falling, and the Fed might need to step in with bigger rate cuts than anyone thought a week ago.

On the other hand, Bitcoin is holding its own, lifted by institutional interest, lighter selling, and regulatory progress. I find this contrast striking. It’s a reminder that traditional markets and crypto don’t always move in lockstep, especially when economic signals get murky.

As for what’s next, I’m keeping an eye on those upcoming data points: Asian inflation, GDP releases, and US earnings. They’ll either calm nerves or pour more fuel on the risk-off fire. For the US economy, I’m cautiously pessimistic.

The jobs report was a wake-up call, and while some argue the economy is still strong, those revisions and the Fed’s reaction tell me we’re not out of the woods. Bitcoin, though, has me more upbeat. Its resilience here suggests it’s carving out a niche as a hedge against uncertainty, and I wouldn’t be surprised to see it keep climbing if institutional buying holds up.

Markets are jittery, but opportunities like Bitcoin show there’s still light amid the gloom. Investors will need to stay sharp, because the week ahead could bring more twists.

 

Source: https://e27.co/when-markets-falter-us-jobs-russia-and-bitcoins-moment-to-shine-20250804/

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 sentiment lifts off: The US-EU agreement’s ripple through stocks, commodities, and digital currencies

Global sentiment lifts off: The US-EU agreement’s ripple through stocks, commodities, and digital currencies

The announcement of a US-EU trade agreement on Sunday has acted as a catalyst, easing tensions that had previously weighed on investor confidence. This development has had a ripple effect across various markets, influencing equities, bonds, commodities, and cryptocurrencies.

As we approach a week marked by high-stakes economic events and corporate earnings, understanding these dynamics becomes increasingly crucial. In my view, the renewed optimism is a welcome change, though the mixed signals in some markets suggest that caution remains warranted.

Let me tell you more.

A boost from the US-EU trade agreement

The US-EU trade agreement has emerged as a pivotal factor in lifting global risk sentiment. For months, trade uncertainty had cast a shadow over markets, with investors wary of escalating tariffs and disruptions to global supply chains.

The deal announced on Sunday has alleviated some of these concerns, fostering a more risk-on environment. Investors are now more inclined to allocate capital to growth-oriented assets like stocks, rather than seeking refuge in traditional safe havens like bonds or gold.

This shift reflects a broader belief that economic stability might be within reach, at least in the short term. However, with major events like the Federal Open Market Committee meeting and US payroll data looming, the sustainability of this optimism remains an open question.

US markets: Choppy trading and rising yields

In the United States, stock markets closed mixed after a volatile session, capturing the complexity of the current environment. The S&P 500 inched up by 0.02 per cent, signalling modest gains, while the NASDAQ climbed 0.33 per cent, driven by strength in technology stocks.

Meanwhile, the Dow Jones Industrial Average dipped by 0.14 per cent, hinting at lingering caution among traders. This uneven performance suggests that while the trade agreement has bolstered confidence, investors are still grappling with uncertainties tied to upcoming economic releases and corporate earnings.

US Treasury yields, which often serve as a barometer of market sentiment, edged higher across the curve. The 10-year Treasury yield rose by 2.2 basis points to 4.410 per cent, and the two-year yield ticked up by 0.2 basis points to 3.926 per cent.

These increases suggest that investors are shifting away from the safety of government bonds, aligning with the broader risk-on sentiment. Higher yields also reflect expectations of stronger economic growth, though they could pressure equity valuations if the trend accelerates.

The US Dollar Index, a measure of the dollar’s strength against major currencies, advanced by 1.01 per cent. A stronger dollar typically accompanies periods of economic optimism, as it did here, fuelled by the trade deal and improving risk appetite. This dollar rally could pose challenges for US exporters, but it also underscores the market’s faith in the resilience of the US economy.

Commodities: Diverging paths for gold and brent crude

Commodities have displayed divergent trends amid the shifting sentiment. Gold, a classic safe-haven asset, extended its retreat, falling by 0.68 per cent to US$3,315 per ounce.

This decline is understandable in the context of a rising risk appetite, as investors reduce their holdings of gold in favor of assets with higher potential returns. I see this as a natural response to the trade agreement, though gold could regain favor if new uncertainties emerge.

In contrast, Brent crude oil surged by 1.9 per cent to US$70 per barrel, propelled by President Trump’s proposal to impose secondary tariffs on nations purchasing Russian oil ahead of a 50-day deadline. This move has raised concerns about a tighter oil supply, which is expected to boost prices.

The rally also reflects the improving global economic outlook, which tends to lift energy demand. The energy market remains vulnerable to geopolitical shifts, and any escalation in trade disputes could alter this trajectory.

Asian markets and US futures: A mixed outlook

Asian stock markets mirrored the uneven performance seen in the US, with Japan’s Nikkei 225 pulling back by 1.1 per cent. This decline likely stemmed from profit-taking after recent gains, though it highlights that not all regions are fully embracing the risk-on wave. Despite this, US equity index futures suggest that US stocks will open higher, pointing to sustained positive momentum.

Investors are now fixated on a packed week ahead, featuring the FOMC meeting, US ISM manufacturing data, non-farm payrolls, second-quarter GDP figures, and earnings from four of the “Magnificent Seven” tech giants. These events will likely determine whether the current optimism persists or wanes.

Cryptocurrencies: Ethereum’s surge and Bitcoin’s mining milestone

The cryptocurrency market has also captured attention, with Ethereum briefly topping US$3,900, its highest level since December, before pulling back. This surge underscores growing investor enthusiasm for Ethereum, driven by its expanding role in decentralised finance and smart contract applications.

Bernstein analysts have noted that Ethereum treasuries, companies holding Ethereum as a reserve asset, are adopting a distinct approach compared to their Bitcoin-focused counterparts. These treasuries generate staking rewards, providing a yield on their holdings, which marks a significant evolution in how institutions utilise cryptocurrencies.

The analysts caution that this model introduces liquidity and security risks. Staking contracts, while generally liquid, can require days-long queues to unstake, forcing Ethereum treasuries to balance availability with yield optimisation. More advanced strategies, such as restaking or DeFi-based yield generation, further complicate matters by exposing firms to vulnerabilities in smart contracts.

This trade-off between yield and risk highlights the maturing nature of the crypto market, where innovation often comes with growing pains. Companies will need to navigate these challenges carefully to sustain Ethereum’s momentum.

Bitcoin, meanwhile, has seen its mining power approach a new record, with the 7-day average hashrate reaching 942 exahashes per second. This figure sits just below the all-time high of 943.6 exahashes per second set in mid-June, according to data from Blockchain.com.

The hashrate, which tracks the total computing power dedicated to mining Bitcoin, offers insight into the network’s security and the confidence of miners. The recent surge suggests that miners remain bullish on Bitcoin’s long-term prospects, despite its price cooling off in recent weeks.

This increase in mining power has persisted despite a new all-time high in Bitcoin’s difficulty, which adjusts to make mining more challenging as more power is added. Miners’ willingness to expand operations under these conditions reflects their belief in future price gains, likely driven by Bitcoin’s historical resilience and growing institutional adoption.

I find this development encouraging, as it signals a robust foundation for Bitcoin, though it also raises questions about energy consumption and profitability if prices stagnate.

My perspective: Optimism tempered by caution

From my standpoint, the advance in global risk sentiment is a positive development, particularly after months of trade-related uncertainty. The US-EU agreement has provided a much-needed lift, and its effects are evident across equities, currencies, and commodities.

The strength in the US dollar and Brent crude, coupled with Ethereum’s price surge and Bitcoin’s mining milestone, paints a picture of a market eager to move forward. Yet, the mixed performance of US and Asian stock markets, along with gold’s decline, reminds us that not all investors are thoroughly convinced.

The week ahead will be crucial in determining whether this momentum is sustained. The FOMC meeting could signal shifts in monetary policy, while economic data, such as payrolls and GDP, will shed light on the health of the US economy. Earnings from tech giants will also play a role, given their outsized influence on market indices.

In my opinion, the current risk-on environment offers opportunities, but investors should remain vigilant. The cryptocurrency space, with its blend of innovation and risk, exemplifies this duality. Ethereum treasuries and Bitcoin miners are pushing boundaries, yet they face hurdles that could temper their progress.

 

Source: https://e27.co/global-sentiment-lifts-off-the-us-eu-agreements-ripple-through-stocks-commodities-and-digital-currencies-20250729/

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