Positive Outlook for Digital Assets Amid Economic Uncertainty
Experts predict growth in cryptocurrency market despite global challenges
The digital asset market is anticipated to see positive growth next year due to factors such as potential interest rate cuts by central banks, the US Federal Reserve's quantitative easing program, and supportive policies from US president-elect Donald Trump.
However, experts warn that economic recession risks due to inflation and geopolitical conflicts may impact this growth.
Thailand, ranked 16th globally for cryptocurrency adoption, plays a significant role with 2.1 million crypto accounts compared to 6 million stock trading accounts.
The number of cryptocurrency traders in Thailand is expected to grow significantly in the next few years.
Industry experts Chaloke Sambandaraksa, Peeraphat Hankongkeaw, and Pattarapon Sinlapajan foresee exponential growth in the cryptocurrency market, highlighting bitcoin's potential as a wealth store and potential reserve currency.
They advise investors to cautiously study the market and consider diversifying with gold and land.
According to Chaloke, understanding investments is crucial as knowledge attracts capital.