Anndy Lian spoke about at the event titled "The Cryptocurrencies Paradox: Hype, Reality, Opportunities" on 4 May 2021. This event is organised by the People’s Association and supported by South East Community Development Council at the Geylang Serai Virtual Community Club.
Blockchain technology is a system of recording information in a way that makes it difficult or impossible to change, hack, or cheat the system. This technology is often linked to "cryptocurrency". A cryptocurrency, broadly defined, is virtual or digital money that takes the form of tokens or “coins" has been the buzz word. The two terms come into the limelight again in the mainstream media thanks to bitcoin, ethereum and dogecoin lately. Elon Musk
"Blockchain technology is definitely is not hype. Governments and corporates are adopting the technology. Cryptocurrencies on another hand have a speculative angle. There is hype, just like many other exciting assets. Most importantly, when we look at crypto, we should not be looking at the price only, hype is temp, the real substance behind the coin is when you see the utility of the coin in the real life." Anndy Lian told the live audiences.
Anndy has also mentioned that the trend right now in the market is NFT and DeFi. Ethereum who is the second biggest cryptocurrency, behind bitcoin should also be carefully watched. The coin is at $3,400 at the time of the live telecast is gaining traction after the announcement of ‘EP 1559’ fee market structure.
"Ethereum is like oil in the crypto space. It has big followings, liquidity and a proven ecosystem. The fees are high now, but it should be lower when changed to POS. The burning mechanism will be a game-changer for the chain. To add on, layer 2 are also working hard to make the chain faster, cheaper and more scalable as we speak. We should not be worried about the fees now. If you are very worried you can switch to Binance Smart Chain, they are a good choice too."
At the event, Anndy has also addressed the following:
– The current bitcoin and doge trends.
– How do you evaluate and decide to invest in a project/ coin?
– Is crypto a good long term investment?
– What should I do if I got into a scam crypto investment?
– Should I invest in crypto? How do I buy it?
At the end of the event, Anndy cautioned all that investing in crypto is subject to high risk, including the possible loss of the money you invest. Check www.anndy.com/updates for the full footages for the event.
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 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.
Lian wrote a book titled “Blockchain Revolution 2030” and is published by Kyobo, the largest bookstore chain in South Korea where he shares insights on how blockchain technology plays an important foundation for the Fourth Industrial Revolution.