Bangkok, orbix INVEST estimates that the digital asset market will continue to grow for another 1-2 years. In the first half of 2024, Bitcoin provided the highest return of 40-50%. In the second half of 2024, the market is seen as Sideway Up. It is recommended to invest in the long term along with other assets to spread the risk. Thanaphum Damrak, Managing Director of Orbix Invest Co., Ltd. under Unita Capital, a subsidiary of Kasikornbank's financial business group, revealed that the digital asset market has been growing continuously. In 2013, the digital asset market value was 1.6 billion USD. By 2024, the digital asset market value was 2.3 trillion USD, with a growth rate of 140,000% (based on the total digital asset market value data from CoinGecko). When compared to last year in 2023, the growth rate was 35%, which was a result of the US SEC announcing the approval of Bitcoin ETF and Ethereum ETF funds, causing digital assets to be widely accepted, with higher trading volumes following the purchases of large funds, resulting in general investors being able to access the world of digital asset investment more easily. In addition, the transition of technology from the Internet era to Web 3, which is considered the Next Era of the Internet, where systems will become more intelligent, is an important factor that will create opportunities for new businesses and investments in leaps and bounds. In the first half of 2024, Bitcoin was found to be the number 1 digital asset with the highest return at 40-50%, higher than SET, SandP, and bonds, beating everything. It is believed that this year has recovered from 2-3 years ago when it was in a bear market and it is believed that it will continue to go up for another 1-2 years. During this time, there may be some sideways or plus or minus at the level of 20-30%, which is normal. 'It is accepted that digital assets are volatile all the time. Even Bitcoin, whose price has dropped to 60-70%, is normal. It is estimated that in the second half of 2024, digital assets will be volatile, but it will be a Sideway Up, still in an upward direction or become a Bear Market in the next 1-2 years. It is also possible. And in the second half of the year, there may be other cryptocurrencies that surpass Bitcoin, which outperformed in the first half of the year,' said Mr. Thanaphum. By 2030, it is predicted that the digital asset market will reach a value of 10 trillion US dollars. In Thailand, there are more than 4 million digital asset investors and there is still room for further growth. From ongoing research, it was found that those who want to invest in this group of assets have 2 main issues to focus on: knowledge and understanding of the digital assets they are going to invest in and investing with a reliable and trustworthy service provider. However, it is believed that investing in digital assets should be a long-term investment, which will create better returns due to the high risk. Investments should also be diversified into other assets. Recently, Unita Capital Co., Ltd., a s ubsidiary of Kasikornbank's financial business group, launched Orbix INVEST, a digital asset investment service provider through a capital management strategy. It has a team of experts and experience in investment management, asset screening, capital management strategy management, and risk management according to investment policies under the concept of Strategist for Kryptonian, a professional assistant for cryptocurrencies, to meet the needs of those interested in investing in digital assets. The service is provided through the Orbix INVEST application, which is designed to be easy for investors to use, convenient to track their investments, and complete in one application. It helps investors access digital asset investments more easily, with experts to help manage their investments, and a team to support services throughout the investment. Initially, there are 4 investment strategy themes, with 2 strategies investing in a single asset and 2 strategies investing in multiple assets managed by a team of expe rts. The goal is to be a platform for managing investment strategies that allows investors to try investing in digital assets with experts taking care of them. And focus on increasing wealth for investors in line with acceptable risks. Orbix INVEST aims to have 2,500 users by the end of 2024 and expects to have assets under management (AUM) of 1,000 million baht. Source: Thai News Agency
Sunday, September 08, 2024