Popular on s4story
- Experience Trembling Firsthand with the New AgeMan® Tremor Simulator - 108
- Venardi Zurada LLP Offers Legal Support to Families After Deadly Lake Tahoe Boat Capsizing
- Jasmine Farrell Releases New LGBTQ+ Poetry Collection - Rising From the Roots
- Keepy Uppy™ by Ollyball Wins Prestigious 2025 Influencer Award from Clamour & The Toy Association; Announces Fall 2025 Launch at Target Stores
- K2 Integrity's U.S. and EMEA Teams Recognized in Chambers and Partners 2025 Guides
- Elevated Healing Treatment Centers: Redefining Mental Health Care with Compassionate, Evidence-Based, and Accessible Services
- ASI Accelerates iMIS® Innovation by Acquiring CSI's Product Suite and Expert Team
- Lottery.com Inc. Secures $300 Million in Growth Capital, Confirms Nasdaq Compliance & Acquires UAE Sports Incubator Amid High-Profile Brand Exposure
- Holiday Inn Express North Hollywood Burbank Area Announces Conversion to Hampton Inn North Hollywood
- Anna D. Banks' Street Smart, Money Smart Hits #1 on Amazon Teen & Young Adult New Releases Chart
BiKi's Ethan Ng Addresses FOMO Over BTC USD10K Breach
S For Story/10410173
Singapore, Feb 13, 2020 -- 'Is the crypto winter over' has been a common discussion topic amongst cryptocurrency traders over the past couple of years, as the markets have remained generally bearish in sentiment. The weekend's BTC breach of USD10K, then the flash-crash to USD9.7K on Monday, with the subsequent rally to five figures again, has had the entire crypto market on its toes.
Reaching out to Ethan Ng, Southeast Asia CEO of BiKi.com, one of the fastest-growing cryptocurrency exchanges that is currently Top 20 on CoinMarketCap, Ng offers his insights.
"At highs, people talk about buying the dip," says Ethan Ng. "At lows, people talk about whether the price will break or fall back."
Indeed fear of missing out (FOMO) is a common market inclination. The key, Ethan Ng stresses, is to have a healthy overview of the market conditions on a macroeconomic level.
BTC: A More Attractive Investment with Mainstream Acceptance
"Amidst the lack of regulations in the past, BTC demand drove the market prices, to a point where breaking the barrier became very difficult," says Ng. "However, currently, with increased mainstream adoption and regulation, there are other forces driving the price. As a consequence of that, demand is likely to soar faster, affecting prices positively. Mainstream users may not be interested in blockchain, but they may follow the money."
Touted by ardent supporters like Max Keiser and others to potentially be the world's reserve currency, Bitcoin has continually proven its resilience, the new public mainstream acceptance will present it to be an even more attractive investment option to hodlers and new-to-crypto traders.
More on S For Story
Projects and D'Apps Will Benefit
Speaking on the impact this would have for projects and D'Apps developing on other chains, Ethan Ng notes that their reserves, if they held a portion in cryptocurrency, would appreciate in fiat value. This means that instead of focusing on fund raising, these projects and D'Apps would then have the space and manpower to develop and innovate in technology, providing real value to the blockchain ecosystem.
Based on the Gartner Hype Cycle for blockchain technology, we have passed the stage of inflated expectations, reached the trough of disillusionment and are now on the plateau of productivity. While this implies that there would not be sharp peaks in BTC price, there would likely be a corresponding cryptocurrency price plateau that is increasing.
"So the question isn't when is the bull run," suggests BiKi CEO Ethan Ng. "We are already at a turning point for the bull run, just not a sudden shift to green in the market like the last time."
Backed By Strong Fundamentals
While Ethan Ng does not discount influencers or experts who predict the BTC price will hit 6 digits within the next couple of years, he advocates that under the present circumstances, "the BTC investment trend could be changing and move from being a highly speculative investment to one that is backed by strong technology, governmental regulations and political as well as social acceptance, thereby lowering its volatility."
As more governments get on the bandwagon with CBDCs, more users from developing countries will see value in cryptocurrencies, which is less unstable than their national currencies.
More on S For Story
Jun Du, Founder of Node Capital and Co-CEO of BiKi.com, has a more bullish outlook.
"We should look at this from two different perspectives," says Jun Du. "The next BTC halving cycle in 2020 should cause a sharp rise in price. I personally think that by the end of 2020, the price of bitcoin will reach USD50,000 and USD200,000 by 2025."
"In addition, many countries, following China's lead, have included blockchain technology into national science and technology plans, which will accelerate the development of blockchain, resulting in more applications of the technology," he adds. "In the future, in 2025, blockchain will completely change the fundamental infrastructures and technological layout of the world and this applies to all aspects of people's lives."
About BiKi.com:
Headquartered in Singapore, BiKi.com is a global cryptocurrency exchange ranked Top 20 on CoinMarketCap. BiKi.com provides a digital assets platform for trading more than 150 cryptocurrencies and 280 trading pairs. BiKi.com is focused on providing the safest, most stable and most effective cryptocurrency trading platform. 100% of the transaction fees are used in buyback and burning of platform token, BIKI. Since its official opening in August 2018, BiKi.com is considered one of the fastest-growing cryptocurrency exchanges in the world with an accumulated 2 million registered users, 130,000 daily active users, over 2,000 community partners and 200,000 community members. BiKi.com has received investments from Huobi co-founder Du Jun, Genesis Capital Zhu Huai Yang, FBG Capital, ChainUP and others totaling approximately 10 million USD.
Media Contact:
Marketing Team
Chang Jie Lin, BiKi.com
media@biki.com
+65-94556702
Cecilia Wong, yourPRstrategist.com
cecilia@yourPRstrategist.com
+65-91826605
Reaching out to Ethan Ng, Southeast Asia CEO of BiKi.com, one of the fastest-growing cryptocurrency exchanges that is currently Top 20 on CoinMarketCap, Ng offers his insights.
"At highs, people talk about buying the dip," says Ethan Ng. "At lows, people talk about whether the price will break or fall back."
Indeed fear of missing out (FOMO) is a common market inclination. The key, Ethan Ng stresses, is to have a healthy overview of the market conditions on a macroeconomic level.
BTC: A More Attractive Investment with Mainstream Acceptance
"Amidst the lack of regulations in the past, BTC demand drove the market prices, to a point where breaking the barrier became very difficult," says Ng. "However, currently, with increased mainstream adoption and regulation, there are other forces driving the price. As a consequence of that, demand is likely to soar faster, affecting prices positively. Mainstream users may not be interested in blockchain, but they may follow the money."
Touted by ardent supporters like Max Keiser and others to potentially be the world's reserve currency, Bitcoin has continually proven its resilience, the new public mainstream acceptance will present it to be an even more attractive investment option to hodlers and new-to-crypto traders.
More on S For Story
- Cover Girl Finalist Teisha Mechetti Questions Legitimacy of Inked Originals Competition, Demands Transparency
- Author Launches The Starlight Bond Website with Movie Licensing Proposal
- Easton & Easton, LLP Files Suit Against The Dwelling Place Anaheim & Vineyard USA Over Abuse Allegations
- AI Visibility: The Key to Beating Google's AI Overviews and Regaining Traffic
- Stuck Doing Math or Figuring Out Life's Numbers? Calculator.now Makes It Stupidly Simple
Projects and D'Apps Will Benefit
Speaking on the impact this would have for projects and D'Apps developing on other chains, Ethan Ng notes that their reserves, if they held a portion in cryptocurrency, would appreciate in fiat value. This means that instead of focusing on fund raising, these projects and D'Apps would then have the space and manpower to develop and innovate in technology, providing real value to the blockchain ecosystem.
Based on the Gartner Hype Cycle for blockchain technology, we have passed the stage of inflated expectations, reached the trough of disillusionment and are now on the plateau of productivity. While this implies that there would not be sharp peaks in BTC price, there would likely be a corresponding cryptocurrency price plateau that is increasing.
"So the question isn't when is the bull run," suggests BiKi CEO Ethan Ng. "We are already at a turning point for the bull run, just not a sudden shift to green in the market like the last time."
Backed By Strong Fundamentals
While Ethan Ng does not discount influencers or experts who predict the BTC price will hit 6 digits within the next couple of years, he advocates that under the present circumstances, "the BTC investment trend could be changing and move from being a highly speculative investment to one that is backed by strong technology, governmental regulations and political as well as social acceptance, thereby lowering its volatility."
As more governments get on the bandwagon with CBDCs, more users from developing countries will see value in cryptocurrencies, which is less unstable than their national currencies.
More on S For Story
- Colbert Packaging Announces WBENC Recognition
- DivX Empowers Media Enthusiasts with Free Expert Guides for Advanced MP4 Management
- Northport's Family Night Welcomes Local Author and a Tale of Ancient Secrets
- Assent Expands Executive Team to Accelerate Global Growth & Innovation
- "Menace: An Agent Dean Cold Novel" by Ray Keating Lands Soon!
Jun Du, Founder of Node Capital and Co-CEO of BiKi.com, has a more bullish outlook.
"We should look at this from two different perspectives," says Jun Du. "The next BTC halving cycle in 2020 should cause a sharp rise in price. I personally think that by the end of 2020, the price of bitcoin will reach USD50,000 and USD200,000 by 2025."
"In addition, many countries, following China's lead, have included blockchain technology into national science and technology plans, which will accelerate the development of blockchain, resulting in more applications of the technology," he adds. "In the future, in 2025, blockchain will completely change the fundamental infrastructures and technological layout of the world and this applies to all aspects of people's lives."
About BiKi.com:
Headquartered in Singapore, BiKi.com is a global cryptocurrency exchange ranked Top 20 on CoinMarketCap. BiKi.com provides a digital assets platform for trading more than 150 cryptocurrencies and 280 trading pairs. BiKi.com is focused on providing the safest, most stable and most effective cryptocurrency trading platform. 100% of the transaction fees are used in buyback and burning of platform token, BIKI. Since its official opening in August 2018, BiKi.com is considered one of the fastest-growing cryptocurrency exchanges in the world with an accumulated 2 million registered users, 130,000 daily active users, over 2,000 community partners and 200,000 community members. BiKi.com has received investments from Huobi co-founder Du Jun, Genesis Capital Zhu Huai Yang, FBG Capital, ChainUP and others totaling approximately 10 million USD.
Media Contact:
Marketing Team
Chang Jie Lin, BiKi.com
media@biki.com
+65-94556702
Cecilia Wong, yourPRstrategist.com
cecilia@yourPRstrategist.com
+65-91826605
0 Comments
Latest on S For Story
- Adostics & Genmega Announce the Introduction of A-POD
- LIB and Nidec Rejoin Forces for Giant TH-0098 Temperature Humidity Test Chamber
- Wordeee Publishes Casting Pros to Know: Reality TV Edition by Asjai Lou
- Digi 995 Audiobooks Officially Released: Fans Can Now Listen to the Complete Trilogy
- Heritage at South Brunswick Offers Immediate Townhome Appointments and Special Mortgage Incentive Fast-Moving Sales
- New Children's Book Helps Kids and Parents Navigate Anxiety Together
- New TSA-Compliant Medication Packing Tool Helps Travelers Avoid Airport Delays and Customs Issues
- Wordeee Publishes Am I a Weed? by Margie Stiles
- NASA Collaborative Agreement for Supply of Thin-Film Solar Tech for Orbital Application to Advance Development of Thin-Film PV Power Beaming: $ASTI
- Sci-Fi Novel from Pittsburgh Author Explores Love, Power, & Humanity in an Age of Artificial People
- Exciting New Era of Sports, Entertainment & Gaming Innovation Spotlighted by Rebrand of Expanding AI Driven, Online Fan Engagement Company: SEGG Media
- Service Ninjas Debuts First-of-Its-Kind "Membership" Platform for Home Service Pros
- The Journey of BECOMING the Soul Alchemist — New Book by Kay Sanders Guides Readers to Deep Inner Transformation
- BIYA Forecasts 2025 Surge with ¥300M ($41.8 M USD) in Revenue and ¥25M Profit from Cloud Based HR Solutions: Baiya Intl. Group (N A S D A Q: BIYA)
- Paul E. Saperstein Co. Announces Geographic Expansion of Auction Services
- New Book by Veteran Entrepreneur Offers 60-Minute Marketing Strategy for First-Time Business Owners
- Wordeee Publishes Rule One By Michael Lucker
- Florida Broker Bent Danholm Featured in the Daily Mail's U.S. Real Estate Coverage
- Robin Launches Legal Intelligence Platform to solve intelligence gap in Fortune 500 legal teams
- Melissa B. Releases Digitally Independent: Empowering Music Artists with AI and Brand Strategy