from the press conference on the signing of cooperation between Bitkub Capital Group Holdings Company Limited (Bitkub) and the Department of International Trade Promotion The goal is to shape the new generation into entrepreneurs in the digital economy era.
Top-Jirayus Supsrisosopha Founder and CEO of Bitkub revealed that in the next 5 years our world will change drastically. Thailand has benefited from its old industries in the past, but in the next 5-10 years we should rely more on the digital economy.
“Over the past two years, there have been an increase of 70 million internet users in ASEAN, and nine out of 10 people are internet spenders. Therefore, we should aim to become the digital hub of ASEAN.”
At the same time, Top Jirayus also revealed the events of LUNA or Terra that lost a huge amount of value. It is said that such an event does not mean that the digital asset market will be affected at all. This may affect the overall industry in the short term. It could be called Noise and if you look at the number of people who trade with UST, it’s very small and part of it is already cyclical. This is now known as Crypto Winter.
If you look long term, you will see that big companies Still preparing for the infrastructure to support digital assets. And in the future, the market of digital assets will be much bigger. which will begin to see a clear change in the next 3-5 years
“In the short term, it would be noise that affects people’s confidence in the short term. Just like in the past, such as the emergence of new cars and fatal crashes, people will view cars as the Death Machine or the Internet bubble. People lose their trust in the internet. but after that incident A person who can last long enough has almost achieved enormous success. Ultimately, knowledge and understanding are the most important. When everyone has the correct knowledge and understanding there will be no fear.”
However, if you look at the impact on the overall crypto market capitalization, it may not have much impact compared to before it happened. And on the other hand, it’s like creating awareness, allowing smart people to study and help solve problems more.
However, investing in the crypto market, where every four years is a golden year of Bitcoin halving, the price has risen to 1000%, but when it rises, it is down. Therefore, people who are going to invest should use cold money. And must bear the 50-70% volatility. Next Bitcoin Halving is 2024 and understand that it is a cycle of the crypto market.
“This is normal in the financial markets. When the market is small, the volatility is high. As more people start entering the market, the volatility decreases. We can clearly see that Bitcoin’s volatility decreases with each correction. and began to see more institutional investors’ funds coming in The law became clearer. Overall, everyone should start with the right knowledge and understanding before investing.”
As for the development of the Thai crypto market, Bitkub still believes that the market will continue to expand every year during this period. And the entry of more competitors, such as Gulf Binance, formed by a joint venture between Binance and GULF, will further encourage the market to expand. As for the progress on the deal that Siam Commercial Bank has acquired Bitkub, nothing has changed from the beginning. But still can’t reveal any details.
The post Top Jirayut confirms that the SCB-Bitkub deal has not changed, looking at the “LUNA” crisis, not affecting the market appeared first on Bitcoin Addict.