Tag Archives: world

Gold soars, Stocks teeter, Crypto seesaw: The world awaits Trump’s trade hammer

Gold soars, Stocks teeter, Crypto seesaw: The world awaits Trump’s trade hammer

I’m here to unpack the swirling storm of economic forces at play on this first day of April 2025. The financial world is holding its breath, eyes fixed on tomorrow’s looming tariff deadline set by US President Donald Trump. Reports over the weekend hinting at “broader” and “higher” tariffs than previously anticipated have cast a shadow over global risk sentiment, leaving markets jittery and investors scrambling to make sense of it all.

What’s unfolding is a high-stakes drama with far-reaching implications—not just for traditional equities and bonds, but for commodities like gold and Brent crude, and even the ever-volatile cryptocurrency space, where Bitcoin is staging its own wild dance. Let’s dive into the details of this market wrap, explore the undercurrents driving these shifts, and offer my perspective on where things might be headed.

The mood across global markets today is unmistakably subdued. Uncertainty is the name of the game as President Trump’s April 2nd tariff deadline approaches. Over the weekend, whispers emerged that the tariffs could exceed initial expectations, potentially targeting a wider swath of imports with steeper rates. This isn’t just a minor tweak to trade policy—it’s a bold escalation that threatens to upend supply chains, stoke inflation, and rattle investor confidence.

The S&P 500, a bellwether for US equities, epitomised this unease in a volatile trading session yesterday. It plunged 1.7 per cent at one point, only to claw its way back to a modest 0.6 per cent gain by the close. That recovery, however, doesn’t mask the bigger picture: Wall Street just wrapped up its worst quarter relative to global peers since 2009. The US market, once a beacon of strength, is losing ground as the rest of the world grapples with the ripple effects of America’s protectionist pivot.

Meanwhile, the bond market offered its own commentary on the situation. The yield on 10-year US Treasuries dipped 3 basis points to 4.22 per cent, pulling back from session highs as investors sought the relative safety of government debt amid the chaos. This move reflects a flight to quality—a classic response when risk appetite wanes.

The US Dollar Index, a measure of the greenback’s strength against a basket of major currencies, ticked up 0.2 per cent, signalling that despite the turmoil, the dollar retains its allure as a safe haven. But the real standout was gold, which soared 1.3 per cent to a fresh record of US$3,123.1 per ounce. That surge underscores a growing demand for tangible assets as investors brace for inflationary pressures and geopolitical uncertainty tied to Trump’s trade agenda.

Speaking of commodities, Brent crude oil climbed 1.5 per cent to US$74.7 per barrel, buoyed by a mix of geopolitical speculation and Trump’s latest rhetoric. The president has tied oil prices to his negotiations with Russian President Vladimir Putin, hinting at “secondary tariffs” on Russian oil if a ceasefire agreement falters.

Trump’s confidence in Putin’s compliance adds a layer of intrigue—could this be a rare moment of stability in an otherwise fractious relationship, or is it just another bargaining chip in his tariff playbook? Either way, the oil market is taking notice, with prices reflecting both supply concerns and the broader inflationary fears stoked by trade disruptions.

Closer to home in Asia, there’s a glimmer of resilience amid the storm. China’s official manufacturing and non-manufacturing PMIs for March showed an uptick, suggesting that Beijing’s aggressive stimulus measures are bearing fruit. With the government frontloading support to counter external pressures—like the looming US tariffs—China’s economy appears to be finding its footing.

This buoyancy spilled over into early trading today, with Asian equity indices posting gains. It’s a stark contrast to the US, where equity index futures are pointing to a lower open. Investors in Asia seem to be betting on China’s ability to weather the trade war, at least for now, while their American counterparts remain on edge.

The cryptocurrency market, ever a barometer of risk sentiment, is no stranger to this turbulence. Bitcoin, the poster child of digital assets, hit a two-week low yesterday before rebounding slightly to US$83,465—a one per cent uptick, according to CoinGecko. That’s still a far cry from its January 20 peak of US$108,800, notched on Trump’s inauguration day, representing a 23 per cent drop. Ethereum and Solana followed a similar pattern, with gains of 1.1 per cent to US$1,840 and 1.4 per cent to US$125, respectively.

The crypto market’s seesaw performance reflects the broader unease gripping investors as they await Trump’s tariff announcement tomorrow. Some analysts, like the CEO of Coin Bureau, see a silver lining—predicting a potential 360 per cent breakout for Bitcoin this month, echoing its 2017 surge. Others, however, caution that the immediate fallout from tariffs could push prices lower, perhaps to the US$73,000-US$75,000 range, before any recovery takes hold.

What’s driving this crypto volatility? For one, there’s the persistent demand from unexpected quarters. Despite strict bans, Chinese investors continue to pour into Bitcoin and Tether, defying regulatory crackdowns. This hidden demand could be a wildcard, amplifying Bitcoin’s role as a hedge against geopolitical and economic instability. Then there’s Japan’s Metaplanet Inc., a publicly listed firm that just issued US$13.3 million in zero-interest bonds to bolster its Bitcoin reserves.

Moves like these signal a growing institutional embrace of crypto as a strategic asset, even as short-term market jitters persist. My take? The tariff uncertainty might kneecap Bitcoin in the near term, but its long-term narrative as a store of value could gain traction if inflation spikes and traditional currencies wobble.

Back to the broader market, the Federal Reserve’s voice is adding another layer of complexity. New York Fed President John Williams, a permanent voter on the FOMC, struck a cautious tone, warning of higher inflation risks this year. He emphasised that monetary policy remains “moderately restrictive” and that the Fed can hold steady for a while—a signal that rate cuts aren’t imminent.

Richmond Fed President Thomas Barkin, though not a voter this year, echoed that sentiment, insisting the central bank needs clear evidence of cooling inflation before easing. This hawkish tilt is a double-edged sword: it bolsters the dollar and bonds but keeps pressure on risk assets like stocks and crypto. Investors hoping for a dovish lifeline may be left wanting, especially as the Fed eyes this week’s US payroll report and global PMI data for fresh clues.

From my vantage point, we’re at a pivotal moment. Trump’s tariff gambit is a high-risk, high-reward play—potentially a masterstroke if it forces concessions from trading partners, but a disaster if it sparks a full-blown trade war and recession. The markets are pricing in the latter, with the S&P 500’s correction and gold’s rally screaming caution. Yet there’s an undercurrent of opportunity.

China’s rebound, Asia’s resilience, and Bitcoin’s defiant demand suggest that pockets of strength could emerge from the chaos. The US economy, for all its tariff-induced woes, still has robust fundamentals—corporate earnings remain solid, and consumer spending, while shaky, hasn’t collapsed. If Trump’s tariffs land softer than feared tomorrow, we might see a relief rally; if they’re as harsh as rumoured, brace for more pain.

Looking ahead, this week’s data drops—US payrolls and global PMIs—will be critical. A strong jobs report could ease recession fears but fuel inflation worries, complicating the Fed’s calculus. Weak PMIs, especially in Europe or Asia, might amplify the tariff fallout.

For now, I’d wager the market stays choppy, with safe havens like gold and bonds holding their appeal. Bitcoin? It’s a wild card—capable of plunging or soaring depending on how the tariff dust settles.

I have seen cycles come and go, I’d say this: buckle up. April 2025 is shaping up to be a rollercoaster, and tomorrow’s announcement could set the tone for months to come. The facts are still unfolding, but one thing’s clear—the world’s financial stage has rarely been this gripping.

 

Source: https://e27.co/gold-soars-stocks-teeter-crypto-seesaw-the-world-awaits-trumps-trade-hammer-20250401/

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

Europe rises, Asia watches, Bitcoin sideways and gold shines: A world on edge

Europe rises, Asia watches, Bitcoin sideways and gold shines: A world on edge

The recent rebound in risk sentiment and the relief rally in US markets, spurred by the easing of fears surrounding a potential government shutdown. The developments over the past few days paint a fascinating, albeit complex, picture of an interconnected global financial system grappling with uncertainty, inflationary pressures, and shifting geopolitical dynamics.

Let’s dive into the details and unpack what this all means, both for the immediate future and the broader economic landscape.

The S&P 500’s 2.1 per cent surge last Friday was a welcome reprieve after it closed in a technical recession the previous day—a term that, while not officially signalling a full-blown economic downturn, certainly rattled investors. The rally was broad-based, with most sectors finishing in positive territory, reflecting a collective sigh of relief that a government shutdown, which could have paralysed federal operations and dented market confidence, appears to have been averted, at least for now. This kind of market behaviour is classic: when a looming threat dissipates, investors pile back in, eager to capitalise on discounted stocks.

Yet, beneath this optimism lies a more troubling undercurrent—US consumer sentiment has plummeted to its lowest level in over two years. The preliminary March sentiment index dropped to 57.9, a stark indicator that everyday Americans are growing increasingly anxious about the economy. This apprehension isn’t unfounded.

With tariffs looming as a potential disruptor, consumers are bracing for higher prices, a fear underscored by their expectation that inflation will climb to 3.9 per cent annually over the next five to ten years. That’s a significant jump from last month’s 3.5 per cent and the highest long-term inflation expectation in over three decades. It’s hard not to see this as a red flag—when consumers start anticipating sustained price increases, it can become a self-fulfilling prophecy as spending habits shift and businesses adjust accordingly.

Meanwhile, the Federal Reserve finds itself in a delicate balancing act. Despite these inflationary fears and a step-down in economic growth, the Fed is widely expected to hold steady at its Wednesday meeting, signalling patience rather than panic. This isn’t surprising—Fed Chair Jerome Powell has consistently emphasised a data-driven approach, and with inflation still above the two per cent target but not spiraling out of control, a pause makes sense.

However, the bond market tells a slightly different story. The yield on the 10-year US Treasury note ticked up 5 basis points to 4.31 per cent, a subtle but telling sign that investors are demanding higher returns to compensate for perceived risks. It’s a reminder that while equity markets may cheer short-term wins, the fixed-income crowd remains wary of longer-term uncertainties, particularly around fiscal policy and trade disruptions.

Speaking of trade, the commodities market offers another lens into this evolving narrative. Gold, that perennial safe-haven asset, climbed 0.5 per cent to breach the US$3,000-per-ounce mark for the first time—a milestone that speaks volumes about investor unease. With US policy uncertainty intensifying, particularly around tariffs and their potential to upend global supply chains, gold’s ascent feels less like a speculative bubble and more like a rational hedge.

Brent crude, too, edged higher by 0.3 per cent to US$71.61 per barrel, buoyed by the dual forces of tighter supply expectations (thanks to trade war jitters) and OPEC+’s decision to ramp up output. It’s a delicate dance—higher oil prices could stoke inflation further, yet they also reflect a market betting on sustained demand despite economic headwinds.

Across the Atlantic, European equities caught a tailwind from positive political developments in Germany, where Chancellor-in-waiting Friedrich Merz announced a deal with the Green Party on a defense and infrastructure package. This news lifted the EUR/USD pair by 0.3 per cent to 1.0876, suggesting a flicker of confidence in Europe’s economic stability amid its own challenges.

Asia, too, is showing signs of resilience. Equities there regained their footing last Friday and continued to trade higher in early sessions today, March 17, 2025. Investors are laser-focused on China’s upcoming data dump—fixed asset investments, retail sales, industrial production, and home prices—which could provide critical clues about the health of the world’s second-largest economy. Any weakness in these figures could ripple across global markets, especially given China’s role as a manufacturing powerhouse and consumer market. For now, though, the mood in Asia seems cautiously optimistic, mirroring the relief rally in the US.

But let’s pivot to a wildcard in this global financial tapestry: Bitcoin and its contrasting fates in South Korea and the United States. The Bank of Korea (BOK) has firmly rejected the idea of incorporating Bitcoin into its foreign exchange reserves, citing its wild price swings and the hefty transaction costs of converting it to cash.

The BOK’s stance aligns with the International Monetary Fund’s guidelines, which prioritise liquidity and risk management—attributes Bitcoin, with its volatility, struggles to meet. This conservative approach stands in sharp contrast to the US, where President Donald Trump recently signed an executive order establishing a Strategic Bitcoin Reserve.

It’s a bold move, signalling America’s willingness to embrace cryptocurrency as a strategic asset, perhaps as a hedge against dollar weakness or a play to attract blockchain investment. The divergence is striking: South Korea sees Bitcoin as a liability, while the US views it as an opportunity.

Then there’s North Korea, stealthily emerging as a major Bitcoin player through the exploits of the Lazarus Group. Their audacious US$1.4 billion heist from Bybit on February 21, 2025—mostly in Ethereum, later partially converted to Bitcoin—has catapulted the rogue state into the ranks of top government holders, with 13,562 BTC valued at US$1.14 billion.

It’s a chilling reminder of how cybercrime can reshape national wealth, turning digital theft into a treasury-building exercise. This development adds another layer of complexity to Bitcoin’s role in global finance, blurring the lines between legitimate investment and illicit gain.

Bitcoin’s price action itself remains a rollercoaster. I am eyeing a key resistance level at US$86,700, with failure to break through potentially sending it tumbling to US$77,859 or even US$71,011 if selling pressure mounts. Last week’s choppy movements reflect a market caught between bullish enthusiasm and bearish caution.

CryptoQuant analyst Darkfost noted on X that Bitcoin’s open interest hit a record US$33 billion in January, only to see nearly US$10 billion wiped out between February 20 and March 4 amid political uncertainty tied to Trump’s actions. This 90-day futures open interest drop of -14 per cent suggests a market reset, clearing out excess leverage and possibly setting the stage for a more stable recovery. It’s a pattern we’ve seen before—painful liquidations paving the way for cautious growth.

I see a world at a crossroads. The relief rally in US markets is a fleeting victory, a sugar high that masks deeper structural concerns. Consumer sentiment’s nosedive and rising inflation expectations signal a populace bracing for tougher times, potentially exacerbated by tariffs that could jack up costs across the board.

The Fed’s patience is prudent, but it risks being perceived as indecision if inflation accelerates unchecked. Gold’s record highs and oil’s upward creep underscore a flight to safety and supply-side worries, while Europe and Asia’s gains hint at a fragile global recovery that could easily falter. Bitcoin’s tale—shunned by South Korea, embraced by the US, and hoarded by North Korea—epitomises the chaos and opportunity of our digital age.

“For investors, it’s a time to tread carefully, balancing short-term gains against long-term risks. For the rest of us, it’s a front-row seat to a high-stakes economic drama where the next act is anyone’s guess.” — Anndy Lian

 

Source: https://e27.co/europe-rises-asia-watches-bitcoin-sideways-and-gold-shines-a-world-on-edge-20250317/

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

From crypto euphoria to economic unease: A world on edge in March 2025

From crypto euphoria to economic unease: A world on edge in March 2025

The question at hand—analysing the retreat of global risk sentiment amid soft US economic data, tariff threats, and shifting dynamics in digital asset markets—offers a fascinating lens into the interconnectedness of today’s economic landscape. Below, I’ll provide my detailed take on these events, weaving together the facts, data, and my own perspective, dissecting the ebb and flow of markets and policy decisions.

Let’s start with the US economic data, which has undeniably cast a shadow over global risk sentiment. The latest ISM manufacturing index figures were a mixed bag, but the overriding tone was one of disappointment. The headline index underwhelmed market expectations, signalling a slowdown in manufacturing activity—a critical pillar of the US economy.

Even more concerning were the sub-indices: employment and new orders, both vital indicators of future growth, slipped unexpectedly into contraction territory. This wasn’t just a minor blip; it hinted at deeper structural challenges, potentially exacerbated by uncertainty over trade policies.

Meanwhile, the prices index surged, a move that caught many off guard. This spike aligns with growing fears about inflationary pressures tied to President Donald Trump’s tariff rhetoric. When you consider that tariffs on imports from Canada, Mexico, and China could raise input costs for manufacturers, it’s no surprise that the prices index is flashing warning signs. My view here is that the US economy is at a crossroads—softening activity paired with rising costs could squeeze profit margins and dampen business confidence further, especially if trade tensions escalate.

The market reaction to this data, compounded by Trump’s tariff announcements, was swift and brutal. Stocks sank to session lows, with the MSCI US index posting its worst day of the year so far, down 1.8 per cent. Sector-specific declines were even more pronounced—Energy, Information Technology, and Consumer Discretionary took the hardest hits, dropping 3.5 per cent, 3.5 per cent, and 2.3 per cent, respectively.

This wasn’t random; these sectors are particularly exposed to trade disruptions. Energy firms, for instance, rely on stable commodity flows, while tech and consumer discretionary companies often depend on global supply chains that could be upended by tariffs. Trump’s declaration that there’s “no room left” to negotiate a halt to the 25 per cent tariffs on Canada and Mexico, alongside an additional 10 per cent levy on Chinese goods, sent a clear message: he’s doubling down on protectionism.

From my perspective, this stance risks igniting a broader trade war, one that could reverberate beyond US borders. Canada and Mexico, key trading partners under the USMCA, might retaliate, while China’s response could further complicate an already fragile global trade environment. The immediate market sell-off reflects this fear, but I suspect the longer-term impact—on growth, inflation, and investor confidence—could be even more profound.

Turning to the bond market, we saw a flight to safety that pushed Treasury yields lower. The benchmark 10-year Treasury yield slid more than 6 basis points to 4.16 per cent, while the 2-year yield dipped about 4 basis points to 3.96 per cent. This drop suggests investors are seeking refuge amid the uncertainty, betting that weaker economic data and trade risks might force the Federal Reserve to reconsider its rate path.

Personally, I think this yield movement also reflects a growing disconnect between market expectations and Fed rhetoric. The Fed has signalled a cautious approach to rate cuts, but if manufacturing continues to falter and tariffs stoke inflation, we could see a tricky balancing act ahead—supporting growth without letting price pressures spiral out of control.

The US Dollar Index, meanwhile, slipped 0.8 per cent, a move I attribute to both the softening data and a broader risk-off mood. A weaker dollar, however, provided a tailwind for gold, which rose 1.2per cent after hitting a three-week low in the prior session. Gold’s resurgence as a safe-haven asset makes sense here; with trade wars looming and economic signals faltering, investors are hedging their bets. I’ve always viewed gold as a barometer of fear, and its uptick tells me that unease is simmering beneath the surface.

Commodities offered another angle on this story, with Brent crude plunging 2.1 per cent after OPEC+ confirmed plans to ramp up production starting in April. This decision defied earlier expectations of a delay, adding downward pressure on oil prices already rattled by tariff concerns.

From my standpoint, OPEC+’s move is a calculated gamble—boosting supply could stabilise markets in the short term, but if global demand weakens due to trade disruptions, they might overshoot. Energy stocks, already reeling from the MSCI US decline, felt this sting acutely. It’s a reminder that even as US-centric policies dominate headlines, global players like OPEC+ retain significant sway over market dynamics.

Across the Atlantic, Europe presented a contrasting picture. Equity indices closed near session highs, buoyed by gains in defense stocks as hopes of increased military spending grew. This optimism ties into the fragile geopolitical landscape, particularly Trump’s decision to pause US military aid to Ukraine—a move that followed a contentious Oval Office meeting. I see this as a pivotal shift; with US support waning, European nations may feel compelled to bolster their own defenses, especially amid ongoing tensions with Russia.

On the economic front, Eurozone inflation eased to 2.4 per cent year-over-year in February, down from 2.5 per cent in January, slightly above consensus forecasts. This modest cooling keeps the European Central Bank (ECB) on track for a rate cut at its upcoming meeting, a view shared by most market participants.

I’d argue this is a sensible move—Europe’s economy needs stimulus to offset external pressures, including potential fallout from US tariffs. The brighter equity performance in Europe, against the US’s gloom, underscores how regional dynamics can diverge even in a globally linked market.

Then there’s the wild card: digital assets. The euphoria surrounding Trump’s March 2 announcement of a strategic crypto reserve—featuring Bitcoin, Ether, XRP, SOL, and ADA—quickly gave way to skepticism by March 3. Initially, the news sparked a rally, with cryptocurrencies rebounding from their worst month since 2022 (the Bloomberg Galaxy Crypto Index had slumped nearly 28 per cent in February).

Trump’s inclusion of lesser-known tokens like XRP, SOL, and ADA alongside heavyweights Bitcoin and Ether was bold, even visionary to some. It suggested a US government embrace of digital assets as a strategic asset class, potentially legitimising crypto in ways unseen before. But as the day wore on, doubts crept in. Investors began questioning the feasibility and merits of holding such a diverse basket, especially as tariff news soured risk sentiment.

By late afternoon in New York, most of the prior day’s gains evaporated, with the Nasdaq 100 Index—tech-heavy and crypto-correlated—dropping over 2 per cent. My take? The crypto reserve idea is intriguing, but its timing couldn’t be worse. With tariffs threatening economic stability, the appetite for speculative assets like crypto wanes. I suspect this volatility reflects a broader tension: crypto’s promise as a hedge or store of value versus its sensitivity to macroeconomic shocks.

Stepping back, the global risk sentiment retreat feels like a confluence of self-inflicted wounds and external shocks. The US’s soft data patch—evident in the ISM figures—signals a domestic slowdown that tariffs could exacerbate. Trump’s hardline trade stance, while politically resonant, risks alienating allies and inflating costs at a delicate moment. Europe’s relative resilience offers some hope, but it’s tempered by geopolitical fragility, notably around Ukraine.

And in the digital realm, crypto’s rollercoaster ride mirrors the broader uncertainty. Asian markets, opening lower, and US futures, hinting at a rebound, suggest we’re in for more choppiness. As a journalist, I’d say this moment demands vigilance—markets are pricing in risks, but the full fallout of these policies remains unclear. If Trump’s tariffs stick, we could see a prolonged drag on growth; if they falter under pressure, sentiment might recover.

For now, I’m watching the Fed, the ECB, and the crypto space closely—each holds a piece of this intricate puzzle.

 

Source: https://e27.co/from-crypto-euphoria-to-economic-unease-a-world-on-edge-in-march-2025-20250304/

 

 

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