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Cryptocurrencies are here to stay. These digital assets are going to be a permanent feature of banks and asset managers’ investment portfolios in time to come. Newer terms such as DeFI (Decentralised Finance) is also changing the investment landscape by relying on a central authority to distribute the loans, etc. Blockchain technology has provided the technical workings for cryptocurrencies. While it looks promising there is also the risk of trading cryptocurrencies. It is volatile and susceptible to technical glitches, human error or hacking.
Anndy Lian, an inter-governmental blockchain advisor and entrepreneur will explain what is cryptocurrencies and insights into this new market. This show is hosted by Rajeev Aggarwal, a former stock market reports at CNBC.
“Understand crypto before putting your money in. You need to study their business model, revenue streams, team members and the underlying technology. If you believe in what the project is doing and you understand the risk, then you go for it. Always exercise with caution.” Anndy Lian commented.
Anndy Lian also commented that community support is another important factor for a cryptocurrency to work. Anndy mentioned this offline to Blockcast.cc reporter that meme coins are really popular, projects like DOGECOIN and SHIBA INU are gaining good traction. PANCAKE and SAFEMOON for instance are trending consistently for a long while. He emphasised that spotting the trends is one important factor in investing.
“Invest in multiple baskets. Do not put all your eggs in one basket” is the message Anndy is trying to convey. The importance of diversification is more glaring when it comes to crypto investment. By spreading out your options between “Top 5 coins”, “Active Trading Coins” and “Rising Stars” for example, you can decrease your financial risk.
00:01:03 Bitcoin as an investment
00:03:09 Valuing Bitcoin
00:07:51 Price target for bitcoin
00:09:20 Bitcoin vs Ethereum
00:12:37 Ethereum utility
00:14:55 Doge Intro
00:17:28 Doge as an investment
00:19:58 Which coin to consider
00:23:41 NFT Intro
00:24:45 NFT as an investment
00:28:42 Million dollar Crypto portfolio
About Anndy Lian:
Anndy Lian is an all-rounded business strategist with more than 15 years of experience in Asia. He has provided advisory across a variety of industries for local, international and public listed companies. He is an early blockchain adopter and experienced serial blockchain entrepreneur who is known for his work in the government sector.
Currently, he is appointed as the Advisory Board Member for Hyundai DAC, the blockchain arm of South Korea’s largest car manufacturer Hyundai Motor Group where he looks after the governance and compliance aspects of the business. Anndy is also part of the Gyeongsangbuk-do Blockchain Special Committee, Government of Republic Korea, helping the province to grow using blockchain technologies.
He is the Chairman (Singapore) for Korea eSports Industry Association (KeIA) where he is actively promoting eSports to go mainstream and adopt cryptocurrencies.
He also 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.
For more updates, visit www.anndy.com
Disclaimer: The information is not intended to be and does not constitute financial advice, investment advice, trading advice or any other advice or recommendation of any sort offered or endorsed.
Blockcast.cc does not endorse any content or product on this page. While we aim at providing you all important information that we could obtain, readers should do their own research before taking any actions related to the company and carry full responsibility for their decisions, nor can this article be considered as investment advice or recommendations. Every investment and trading move involves risk, you should conduct your own research when making a decision.