By Joe Pan
The recent Asia Blockchain Summit panel discussion on “Interpreting Market Signals: Forecasting and Manifesting a New All Time High for Crypto” highlighted the significant role of institutional investors in driving cryptocurrency prices and the existing gap between professional and retail investors. The panelists emphasized the need to interpret market signals that forecast a new all-time high while acknowledging the divide and opportunities between different investor classes.
Speakers included Allen Ng, Co-founder & CEO of Everest Ventures Group, Eugene Ng, Founding Partner at DWF Labs & OpenEden, May Wang, Founder of SoSo Value, TM Lee, Co-founder, CEO of CoinGecko and Ciara Sun, Founder and Managing Partner at C Squared Ventures.
In the ever-volatile world of cryptocurrency, where fortunes can change faster than you can say “blockchain,” market narratives are king. As we venture into Q3 of 2024, understanding the interplay between institutional and retail investors is more crucial than ever. At the panel, industry leaders gathered to discuss the evolving dynamics of the crypto market. While no one on the panel claimed to have a crystal ball, their insights offered a fascinating glimpse into the future—assuming, of course, that the future doesn’t change its mind tomorrow.
Allen Ng, Co-founder & CEO of Everest Ventures Group, emphasized the growing influence of institutional investors, noting that their strategies will shape future market landscapes and create opportunities for both professional and retail investors.
Ng said: “As institutions begin to play a more prominent role in the crypto market, their strategies will shape the future landscape, creating new opportunities for both professional and retail investors.”
Eugene Ng, Founding Partner of DWF Labs & OpenEden, highlighted how institutions have significantly contributed to price increases by injecting liquidity into the market. This influx has created a noticeable gap between professional and retail investors, with the latter often struggling to keep pace with market developments.
He said: “Institutions came in and pushed up the price, because you have liquidity in pocket.”
May Wang, Founder of SoSo Value, expressed optimism about cross-chain technologies and the potential of institutions like maple wine to drive future growth.
Wang said: “We are very bullish on cross-chain probability and maple wine as an institution.”
TM Lee, Co-founder and CEO of CoinGecko, emphasized the importance of maintaining a long-term perspective amidst market volatility, suggesting that now is a strategic time for investors to position themselves.
He said: “Long-term thinking is still very bullish, and right now it’s a good point.”
Ciara Sun, Founder and Managing Partner of C Squared Ventures, reflected on the collapse of FTX, serving as a reminder of the market’s inherent risks and the need for robust risk management strategies. She urged participants to consider such events and their impact on retail sentiment, underscoring the necessity for informed decision-making.
Sun said: “Reflect on the collapse of FTX and its impact on retail sentiment.”
While every expert on the panel can predict, only time will tell if they are good fortune tellers. But in a crypto market that moves fast and furious, that moment may come much sooner than later. As the market evolves, strategic planning and risk management will be pivotal in navigating the complex landscape of digital currencies. So, buckle up, because in the crypto world, tomorrow is always just around the corner—and it might just be wearing a new hat.
About the author
Joe Pan is an editor and correspondent at Blockwind.news.
