Bitkub Hosts Seminar on 2024 Crypto Trends

Bitkub Hosts Seminar on 2024 Crypto Trends

Thailand's digital asset leaders unveil insights on Bitcoin ETFs and Halving, signalling a vibrant year ahead.

Bitkub Online Co., Ltd., the provider of "Bitkub Exchange," Thailand's premier digital asset trading platform, and Bitkub Labs Co., Ltd., which runs "Bitkub Academy," a learning centre focused on blockchain technology and digital assets, have collaboratively hosted the seminar "Digital Assets Navigator by Bitkub's Crypto Theses." This event, held on February 21, 2024, at True Digital Park 101 in Bangkok, aimed to shed light on the various facets of digital asset trends for 2024, including Bitcoin ETFs and the Bitcoin Halving. Esteemed participants included Mr. Jirayut Srupsrisopa, founder and CEO of Bitkub Capital Group; Mr. Natavudh Pungcharoenpong, CEO and co-founder of Ookbee; Mr. Dome Charoenyos, founder and CEO of Tokenine; Mr. Panu Chonlahan, owner of the Nookfree God Defi page; Mr. Nat Chittamai, founder of the GM Learning Club and Pudgy Thailand Community Leader; and Mr. Kuntanut Vuttithorn, Digital Asset Analyst Supervisor at Bitkub Labs.

Mr. Jirayut shared insights, noting, "This year marks a vibrant and noteworthy period for the digital asset industry, highlighted by two significant developments. Firstly, the U.S. SEC granted approval for the Bitcoin Spot ETF to be traded legally last January. With the cryptocurrency industry currently valued at over $1.8 trillion—a fraction of the approximately $130 trillion worth of global funds managed by giants like BlackRock and Vanguard—the potential for growth is immense. Should the newly approved Bitcoin Spot ETF manage to trade just 5% of Bitcoin's value from these funds, it could usher in an unprecedented influx of institutional money into the cryptocurrency market, surpassing its current valuation.

"Moreover, 2024 also witnesses the fourth Bitcoin Halving event in April. Historical data from previous rounds indicate an absence of new highs for Bitcoin before a halving event, as observed this time, urging investors to proceed with caution and vigilance. Nonetheless, the introduction of the Bitcoin Spot ETF offers reassurance of continued institutional investment, hinting at a promising growth trajectory for the cryptocurrency industry based on various statistics and analyses."

Mr. Jirayut further advised new and prospective digital asset investors, "Prior to investing, it is crucial to thoroughly research and understand the high-risk nature of digital assets. Investment suitability varies among individuals, depending on their financial readiness, capital, and risk tolerance. Echoing Warren Buffett's wisdom, 'You don't have to swing at every pitch; instead, assess your readiness and seize opportunities when you're fully prepared.' It's essential for investors to be well-informed about their investments at all times."

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