S&P 500 eyes 7000, gold at US$4113, Bitcoin breaks US$115K: Here’s what’s driving the surge

S&P 500 eyes 7000, gold at US$4113, Bitcoin breaks US$115K: Here’s what’s driving the surge

The S&P 500, currently trading in the high 6700s as of late October 2025, hovers just below the psychologically significant 7000 threshold. A credible and durable US-China trade agreement could propel the index toward that level by year-end, a move representing a 2.8 per cent upside from current levels.

Such optimism remains contingent on tangible outcomes rather than mere rhetoric. The market’s advance hinges not only on macro diplomacy but also on the micro-level performance of 177 companies reporting earnings this week. Only consistent beat-and-raise guidance, where firms exceed earnings expectations and raise forward-looking forecasts, will sustain the fragile momentum. Without such confirmation, the rally risks unravelling under the weight of its own narrow breadth and elevated leverage.

Gold continues to serve as a strategic hedge amid rising macro uncertainty. Technical analysis points to structured accumulation zones at 3700 dollars and 3500 dollars, levels that have repeatedly attracted institutional and algorithmic buying. Despite an environment of loose monetary conditions and accelerating inflation expectations, correlated at plus 28 per cent with M2 money supply growth, portfolio allocations to gold remain strikingly low.

Only 2.4 per cent of fund managers hold more than five per cent of their assets in gold, suggesting significant room for reallocation if inflation proves persistent or if geopolitical tensions escalate. The metal’s recent consolidation near US$4113 per ounce reflects this tension between fundamental tailwinds and tepid institutional demand, a divergence that often precedes sharp re-pricing.

China’s evolving economic strategy adds another layer of complexity. The 15th Five-Year Plan for 2026 to 2030 formally pivots away from the old growth model centred on property and infrastructure toward human capital development and domestic consumption. This shift is more than semantic. The term consumption appears four times in the latest Communist Party Plenum Communiqué, compared to just once in 2020, signalling a deliberate policy recalibration.

Property, once the engine of Chinese growth, remains under regulatory scrutiny and is unlikely to receive meaningful stimulus, especially as exports continue to outperform. Instead, Beijing prioritises technological self-reliance and innovation, aiming for a sustainable 4.5 per cent annual growth rate through productivity gains rather than debt-fuelled asset bubbles. For global investors, this transition implies that Chinese equities may offer value but with heightened volatility tied to policy execution and external trade dynamics.

The US equity market, in contrast, has become increasingly concentrated. Performance is now effectively a binary bet on the success of artificial intelligence monetization within the MAG7 cohort, those mega-cap tech firms generating multi-billion-dollar free cash flows. Public AI plays appear safer than their private counterparts, like OpenAI or Anthropic, which remain unprofitable and lack a clear killer app to justify their valuations.

Even among public firms, the path to AI-driven revenue remains elusive. This narrow leadership amplifies systemic risk, particularly as leveraged ETFs magnify both upside and downside moves. A barbell strategy, pairing large-cap growth exposure with high-dividend yield stocks, remains prudent, especially when considering Japan’s continued commitment to Abenomics 3.0 under Prime Minister Takaichi, which supports regional diversification.

This week’s volatility triggers are unusually dense. Beyond the FOMC decision and Big Tech earnings, markets must navigate Donald Trump’s visit to Asia, Jensen Huang’s keynote at a major AI conference, and most critically, the Trump-Xi bilateral meeting on October 30 during the APEC summit in South Korea. Early signals suggest progress.

Chinese officials report a preliminary consensus on export controls, fentanyl trafficking, and maritime levies. These incremental steps have already fuelled a cross-asset rally, with Asian equities up 1.5 per cent and US index futures pricing in a 0.6 per cent gap-up at the open. Copper and Brent crude have surged on improved global growth expectations, while the US Dollar Index holds steady at 98.95, reflecting balanced risk sentiment.

The crypto market has surged in tandem, rising 3.62 per cent in 24 hours and 5.91 per cent over the week. This move stems from three reinforcing narratives. First, macro liquidity expectations have intensified as US bank reserves at the Federal Reserve declined to 2.93 trillion dollars, the lowest level since early January, and what analysts like Adam Livingston describe as nearing a danger zone. Historically, such reserve contractions in 2019, 2020, and 2023 preceded Fed interventions and sharp Bitcoin rallies. Markets now price in a 96.7 per cent probability of a 25-basis-point rate cut at the October 28 to 29 FOMC meeting, reinforcing the liquidity pivot thesis.

Second, institutional demand is accelerating. South Korea’s Bitplanet has initiated daily Bitcoin purchases targeting 10,000 BTC, following Metaplanet’s earlier treasury move of 25,555 BTC. Simultaneously, US spot Bitcoin ETFs recorded over 600 million dollars in net inflows last week, drawing approximately 62,000 BTC from exchange cold storage and tightening supply dynamics. This absorption of available supply reduces float and increases scarcity, particularly as Bitcoin dominance dips slightly to 58.84 per cent, indicating capital rotation into altcoins like Ethereum, which gained six per cent against BTC.

Third, technical momentum has ignited a leverage reset. Bitcoin’s breakout above 115,000 dollars, a level confirmed by multiple sources, triggered 350 million dollars in short liquidations, forcing leveraged bears to cover positions rapidly. Open interest in derivatives markets has climbed 6.95 per cent to 903 billion dollars, reflecting renewed speculative activity. However, funding rates have spiked by 105 per cent in 24 hours, and the RSI sits at a neutral 47.49, suggesting the rally may pause for consolidation rather than accelerate further immediately.

In summary, today’s market environment reflects a delicate balance between hope and reality. Macro optimism, fueled by potential US-China détente and anticipated Fed easing, has aligned with institutional crypto accumulation and technical breakouts to drive risk assets higher. The sustainability of this move depends on concrete outcomes: a credible trade deal, consistent earnings beats, and actual monetary policy accommodation.

If the Fed under-delivers or corporate guidance falters, the leveraged nature of current positioning could trigger a sharp reversal. Investors should monitor Bitcoin’s 113,500 dollar support and Ethereum’s 4,000 dollar level as near-term barometers of sentiment. The week ahead will not merely test market resilience. It will define the narrative for the final quarter of 2025.

 

Source: https://e27.co/sp-500-eyes-7000-gold-at-us4113-bitcoin-breaks-us115k-heres-whats-driving-the-surge-20251027/

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

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

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

j j j

The Fed’s first rate cut: What it means for equities, risk, and crypto

The Fed’s first rate cut: What it means for equities, risk, and crypto

The Federal Reserve has officially initiated its rate cut cycle, a move long anticipated by markets that have already priced in approximately 3.8 cuts over the next 12 months. I forecast two additional reductions on October 29 and December 12.

Historically, the period immediately following the first rate cut has been marked by heightened volatility as markets recalibrate their expectations, reassess risk premiums, and digest the implications of a new monetary regime.

This transitional phase is particularly delicate because it often coincides with divergent signals from economic data, political uncertainty, and evolving investor positioning. All of these factors are present in today’s environment.

Equities and the magnificent seven effect

Equity markets, led by the S&P 500’s impressive 32 per cent rally from its recent lows, reflect a strong recovery narrative driven disproportionately by the so-called Magnificent Seven (Mag7) stocks. These technology and growth-oriented giants continue to post earnings growth roughly four times that of the remaining 493 companies in the index, underscoring their outsized influence on overall market performance.

However, this concentration introduces significant risk. Mag7 valuations now exceed 30 times forward earnings, not yet at their historical peaks but certainly in elevated territory. While historical backtesting suggests that equities generally perform well in the 12 to 24 months following the start of a Fed easing cycle, the current context differs in important ways.

The market’s narrow leadership, combined with stretched valuations, makes indiscriminate exposure to these names increasingly perilous. Chasing performance at this juncture could expose investors to sharp corrections if earnings disappoint or if macro risks materialise. Diversification, not just across sectors but across geographies and asset classes, emerges as a critical defensive and offensive strategy.

Investor positioning and market signals

Investor positioning data reveals that asset managers hold high equity allocations, though not at extreme levels that typically precede major drawdowns. Meanwhile, equity volatility remains subdued, a condition that historically correlates with lower forward returns over the subsequent six to twelve months.

This low-volatility complacency can lull investors into underestimating tail risks, especially when other asset classes also appear expensive. Gold, for instance, has seen renewed inflows into bullion-backed ETFs and now trades near US$3,760 per ounce, supported by geopolitical tensions and a modestly weaker US dollar, which closed at 98.152.

Yet gold positioning is once again crowded, suggesting limited room for further upside without a significant catalyst such as a sharp escalation in global instability or a deeper-than-expected economic slowdown. Similarly, credit markets show tight bond spreads, indicating that investors are not demanding much compensation for credit risk. In such an environment, security selection becomes paramount.

Broad exposure to high-yield or investment-grade debt may not suffice. Instead, bottom-up analysis of issuer fundamentals is essential.

Mixed economic signals and political risks

The macroeconomic backdrop offers mixed signals. August’s Personal Consumption Expenditures (PCE) Price Index, the Fed’s preferred inflation gauge, rose 0.3 per cent month-over-month, resulting in a 2.7 per cent annual headline rate. Core PCE, which excludes food and energy, stood at 2.9 per cent year-over-year after a 0.2 per cent monthly increase.

This remains above the Fed’s two per cent target but shows signs of gradual moderation. The data came in largely in line with expectations and did not provoke a strong market reaction, suggesting that investors have already internalised a path of gradual disinflation. However, political risks loom large.

The September 30 deadline for US government funding is fast approaching, and with congressional negotiations stalled, the probability of a partial shutdown is rising. While past shutdowns have had limited economic impact, they inject uncertainty into market psychology and could delay fiscal policy decisions or data releases, further complicating the Fed’s communication strategy.

Wall Street’s reaction and treasury yields

Market reactions to recent events have been muted but telling. Wall Street closed higher last Friday, ending a three-day losing streak, with the Dow Jones up 0.7 per cent, the S&P 500 gaining 0.6 per cent, and the Nasdaq rising 0.4 per cent.

Notably, markets barely flinched at the announcement of new sector-specific tariffs by the Trump administration, signalling either desensitisation to trade rhetoric or confidence that such measures will not significantly disrupt the broader economic trajectory. Treasury yields reflected this calm.

The 10-year yield edged up just one basis point to 4.183 per cent, while the two-year yield dipped two basis points to 3.645 per cent, flattening the yield curve slightly. This dynamic suggests that while near-term rate expectations are stable, longer-term growth and inflation concerns persist.

Asia’s cautious mood and key data ahead

In Asia, equities dipped on Friday as resilient US data prompted a modest reassessment of rate cut expectations. US equity index futures point to a higher open, indicating that global investors remain cautiously optimistic. The coming week will be pivotal, with the September nonfarm payrolls report on October 3 serving as a key barometer of labor market health.

Additional insights will come from the JOLTS job openings data on Tuesday and the ADP private payroll report on Wednesday. Labour market strength remains the Fed’s primary concern. If employment data remains robust, it could delay further rate cuts or reduce their magnitude, directly impacting risk asset valuations.

Bitcoin’s technical recovery

Meanwhile, Bitcoin has staged a “reasonable” technical recovery, rising 2.24 per cent in the past 24 hours to US$111,966 after a 7-day decline of 2.23 per cent. This rebound appears driven by three converging factors. First, price action held firm at the US$108,680 support level, breaking a bearish trend line and reclaiming the US$111,000 mark.

Hourly indicators, including a bullish MACD crossover and an RSI stabilising around 47-48, suggest that short-term momentum has shifted in favour of buyers. The 200-day exponential moving average at US$106,200 continues to act as a structural support, reinforcing the asset’s resilience.

However, the critical test lies ahead. A sustained close above US$112,500, the 50 per cent Fibonacci retracement of the recent decline, could pave the way for US$113,700 to US$115,000. Failure to break this resistance may invite profit-taking and a retest of the lower support level.

On-chain metrics and corporate adoption

Second, on-chain metrics show improving demand dynamics. The 60-day Buy/Sell Pressure Delta has entered what analysts describe as an opportunity zone, indicating reduced selling pressure.

The decline in sending addresses and stable miner reserves, holding steady at 1.8 million BTC, suggests that long-term holders are not capitulating. That said, the 90-day delta remains cautious, reflecting lingering uncertainty among larger participants. The Coinbase Premium Index, currently at +0.041, will be a key gauge of sustained US institutional interest.

Third, corporate adoption continues to provide narrative support. The rebranding of 164-year-old Japanese textile firm Marusho Hotta to Bitcoin Japan and its announcement of a BTC treasury business, while small in absolute scale, aligns with a growing trend among Asian corporations seeking alternative stores of value amid declining traditional revenues.

Firms like Metaplanet and Kitabo have similarly adopted Bitcoin, reinforcing its digital gold thesis in a region that is increasingly skeptical of fiat stability.

Final thoughts: Selectivity over momentum

In sum, the current market environment demands a nuanced approach. While the Fed’s pivot to easing should, in theory, support risk assets over the medium term, the combination of expensive valuations, narrow market leadership, and external risks ranging from a potential government shutdown to geopolitical flare-ups calls for disciplined selectivity.

Investors should avoid chasing momentum in already crowded trades and instead focus on quality earnings, global diversification, and tactical entry points during pullbacks.

 

Source: https://e27.co/the-feds-first-rate-cut-what-it-means-for-equities-risk-and-crypto-20250929/

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

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

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

j j j

The Fed, tariffs, and digital assets: What investors are watching

The Fed, tariffs, and digital assets: What investors are watching

Investors appear to shrug off the ongoing global uncertainties, focusing instead on positive economic signals and the prospect of monetary policy easing from central banks. This resilience comes at a time when the world economy navigates a complex landscape of inflationary pressures, supply chain disruptions, and shifting alliances.

Markets have demonstrated an ability to adapt, with equity indices pushing higher and volatility remaining contained. Yet, beneath this calm surface lies a web of risks that could unsettle the balance if not managed carefully. The ongoing conflicts in regions like Ukraine and the Middle East add layers of unpredictability, influencing everything from energy prices to investor confidence.

Despite these challenges, the broader appetite for risk assets suggests that participants believe in the underlying strength of global growth, particularly in developed economies.

The latest data from the US Bureau of Labour Statistics has painted a clearer picture of the labour market’s trajectory, revealing a significant downward revision in payroll numbers. Officials adjusted the figures by 911,000 jobs for the 12-month period ending in March, exceeding estimates of a 700,000 reduction.

This equates to roughly 76,000 fewer jobs per month than previously reported, signalling a softer employment landscape than many had anticipated. Such revisions often stem from more comprehensive data sources, like tax records, which provide a fuller view of hiring trends. This adjustment has reinforced expectations that the Federal Reserve will act decisively to support the economy, with a rate cut appearing imminent at the next meeting.

Lower interest rates typically stimulate borrowing and investment, helping to sustain growth amid signs of cooling. However, this data also highlights vulnerabilities, as slower job creation could translate into reduced consumer spending if not offset by wage gains or other supports.

Analysts have noted that while the revision implies average monthly gains of about 71,000 jobs, the overall labor market remains robust by historical standards, avoiding the sharp contractions seen in past downturns.

Tariff escalation and trade tensions

President Trump’s escalation of tariff threats has introduced fresh volatility into international trade relations, targeting key players like India and China while proposing up to 100 per cent duties on Russia to pressure it into de-escalating tensions with Ukraine.

This move, contingent on similar actions from the European Union, aims to use economic leverage to influence geopolitical outcomes. Tariffs of this magnitude could disrupt global supply chains, raising costs for importers and potentially slowing economic activity in affected sectors.

For instance, India’s role as a major processor of Russian oil has drawn scrutiny, with US imports of these products highlighting the interconnected nature of energy markets. Critics argue that such policies risk retaliatory measures, echoing the trade wars of previous years that hampered growth. Russia has responded by downplaying the threats, suggesting efforts to strengthen ties with alternatives like China and India.

This tariff strategy reflects a broader shift toward protectionism, which could undermine multilateral efforts to resolve conflicts. While intended to bolster US negotiating power, the approach may strain alliances and complicate recovery in a post-pandemic world still grappling with inflation and debt.

Equity market rally on Fed hopes

US equities have surged to new record highs, buoyed by the payroll revision that has heightened anticipation of Federal Reserve intervention to prop up the economy. The S&P 500 advanced 0.3 per cent, the Nasdaq gained 0.4 per cent, and the Dow Jones rose 0.4 per cent, reflecting broad-based optimism across sectors.

Technology stocks led the charge, as investors bet that lower borrowing costs would benefit growth-oriented companies. This rally occurs against a backdrop of solid corporate earnings and improving consumer sentiment, though some caution that valuations are stretched. The market’s reaction underscores a belief in a soft landing, where the Fed engineers a slowdown without tipping into recession.

Historical precedents show that rate cuts often ignite equity booms, but they also carry risks if underlying economic weaknesses persist. With futures indicating mixed openings, traders are closely monitoring upcoming data releases for confirmation of this trajectory.

Bond yields and dollar movements

Bond yields have rebounded after a brief dip, with the 2-year Treasury yield climbing 7.2 basis points to 3.558 per cent and the 10-year yield up 4.8 basis points to 4.088 per cent. This movement suggests that investors are adjusting to the likelihood of a rate cut while pricing in persistent concerns about inflation. Higher yields typically signal expectations of stronger growth or stickier prices; however, in this context, they may reflect a normalisation following recent declines.

The dynamics of the yield curve play a crucial role in banking profitability and lending activity, influencing everything from mortgages to corporate debt. As the Fed prepares to ease, these shifts could ease financial conditions, encouraging investment. However, if yields rise too sharply, they might tighten conditions prematurely, countering the central bank’s intentions.

The US Dollar Index strengthened 0.3 per cent to 97.79, benefiting from safe-haven flows amid global uncertainties. This appreciation pressures emerging markets, making dollar-denominated debt more expensive to service. Gold, conversely, retreated 0.3 per cent to US$3,674 per ounce, as the stronger dollar and rising yields diminished its appeal as a non-yielding asset.

Brent crude oil edged up 0.6 per cent, driven by escalating tensions between Israel and Qatar, which raise fears of disruptions in key supply routes like the Strait of Hormuz. Oil’s sensitivity to geopolitical events underscores its role as a barometer for global stability, with prices fluctuating based on perceived risks to production and transit.

Asian equity indices opened mostly higher today, extending the positive momentum from Wall Street. This uptick reflects regional resilience, though concerns over trade tariffs linger. US equity futures point to a mixed start, suggesting caution as investors digest the latest developments.

Metaplanet expands Bitcoin strategy

Turning to the cryptocurrency space, Japan-based Metaplanet has announced plans to issue 385 million new shares, aiming to raise approximately US$1.4 billion to fuel its Bitcoin acquisition strategy. The company priced the shares at ¥553 each, upsizing from an initial 180 million shares, with proceeds primarily allocated to purchasing Bitcoin and enhancing its income-generation operations.

As of September 1, Metaplanet holds over 20,000 Bitcoins, accumulated since early 2024, and has generated significant revenue from Bitcoin options trading, reporting ¥1,904 million in the second quarter of 2025. This move positions Metaplanet as Asia’s equivalent to MicroStrategy, emphasising Bitcoin as a core treasury asset.

The firm’s strategy includes using earnings to pay dividends on preferred shares, blending yield generation with cryptocurrency holding. Institutional interest, such as a US$30 million investment from KindlyMD’s subsidiary Nakamoto, underscores growing confidence in this approach.

Metaplanet’s actions highlight a broader trend where corporations integrate digital assets into balance sheets, seeking inflation hedges and growth potential.

Bitcoin and Ethereum stance

Bitcoin’s price path depends on a dynamic interplay between institutional adoption and regulatory advancements. Spot Bitcoin ETFs have seen inflows of US$14.8 billion year-to-date, providing a buffer against selling pressures and indicating sustained demand from traditional finance. Legislative efforts to establish a US Bitcoin reserve, holding around 198,000 BTC, could solidify its status as a strategic asset, anchoring long-term value.

Technical upgrades like BIP-119, which introduces covenants for enhanced scalability and security, are under debate and may reach consensus by year’s end, potentially reshaping Bitcoin’s utility. These factors collectively suggest Bitcoin is maturing beyond speculative trading, evolving into a foundational element of global finance.

Ethereum has encountered resistance in its recent price movements, declining below US$4,450 and consolidating around key levels. The asset struggles to breach US$4,400, trading below this mark and the 100-hourly simple moving average. A bearish trend line forms resistance at US$4,340 on the hourly chart, with immediate hurdles at US$4,350 and US$4,380. If Ethereum clears these, it could initiate a recovery wave, targeting higher zones.

However, failure to do so might lead to further tests of support near US$4,260. Analysts predict Ethereum could fluctuate between US$4,000 and US$5,000 in September 2025, driven by network upgrades and institutional interest. The cryptocurrency’s performance ties closely to broader market sentiment, with potential for upside if rate cuts materialise and DeFi adoption accelerates.

Outlook and risks ahead

In my view, the current market environment demonstrates a remarkable capacity for adaptation in the face of adversity. Equities reaching records despite downward data revisions and tariff escalations point to a collective bet on central bank support and economic resilience. The Fed’s likely intervention could extend this bull run, but overreliance on monetary easing risks inflating asset bubbles.

Geopolitically, Trump’s tariff tactics, while bold, may backfire by fragmenting trade and inviting retaliation, reminiscent of past protectionist pitfalls that deepened downturns. On the crypto front, initiatives like Metaplanet’s aggressive Bitcoin stacking and potential US reserves signal a paradigm shift, where digital assets transition from fringe to mainstream. Ethereum’s technical challenges notwithstanding, the sector’s institutional inflows and innovations bode well for long-term growth.

Overall, while short-term volatility looms, particularly with September’s historical weakness, the foundational trends favor cautious optimism. Investors who navigate these waters with diversified strategies stand to benefit, as the interplay of policy, technology, and sentiment continues to shape outcomes in unpredictable ways. This moment underscores the importance of vigilance, as today’s robustness could swiftly give way to tomorrow’s corrections if key supports falter.

 

 

Source: https://e27.co/the-fed-tariffs-and-digital-assets-what-investors-are-watching-20250910/

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

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

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

j j j