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rear Tesla CEO Elon Musk Having admitted to investing in cryptocurrencies such as Bitcoin, Ethereum and Dogecoin, there is another very popular person who is ready to increase his investment in this digital asset.This person is none other than Sarath Rattanavadi. not. Sarath Ratanavadi, CEO of energy company Gulf Energy Development, is also Thailand’s second richest person.
The Thai billionaire has reportedly said that his company is considering investing in cryptocurrencies to generate revenue. He was quoted as saying that the blockchain technology platform and cryptocurrencies will be the company’s strongest earnings main drivers as the overall market has “high potential” for growth.
Ratanavadi’s sudden interest in cryptocurrencies comes at a time when the cryptocurrency market is in crisis. Local government scrutinyresulting in a drop in trading activity by retail traders on local exchanges.
Musk and Saras Rattanabadi aren’t the only companies that have expressed interest in cryptocurrencies, there are others on the list. These include software maker MicroStrategy, tech conglomerate Block Inc., and Chinese photo application company Meitu.
It should be noted that the Thai retail market is not in a healthy state at the moment.The data shows that the number of active trading accounts is Down from 692,000 in January to 260,000 in July, coinciding with the decline in crypto prices. According to sources, Rattanabadi said he plans to open a cryptocurrency exchange in Thailand in partnership with cryptocurrency exchange Binance and is actively seeking a license.
As people around the world become more and more enamored with the cryptocurrency market, more and more countries are introducing regulations to ensure fair trading practices. However, it seems that the world’s top companies have predicted the future of the cryptocurrency market and started making small investments. As far as Elon Musk is concerned, apart from cryptocurrencies, American entrepreneurs have also shown interest in lithium and nickel stocks. Recently, Musk also signed a deal with his ASX-listed lithium company. The electric vehicle revolution has increased the demand for these two battery manufacturing materials.
The content presented may contain the author’s personal opinions and is subject to market conditions. Do market research before investing in cryptocurrencies. The author or publication accepts no responsibility for your personal financial loss.
rear Tesla CEO Elon Musk Having admitted to investing in cryptocurrencies such as Bitcoin, Ethereum and Dogecoin, there is another very popular person who is ready to increase his investment in this digital asset.This person is none other than Sarath Rattanavadi. not. Sarath Ratanavadi, CEO of energy company Gulf Energy Development, is also Thailand’s second richest person.
The Thai billionaire has reportedly said that his company is considering investing in cryptocurrencies to generate revenue. He was quoted as saying that the blockchain technology platform and cryptocurrencies will be the company’s strongest earnings main drivers as the overall market has “high potential” for growth.
Ratanavadi’s sudden interest in cryptocurrencies comes at a time when the cryptocurrency market is in crisis. Local government scrutinyresulting in a drop in trading activity by retail traders on local exchanges.
Musk and Saras Rattanabadi aren’t the only companies that have expressed interest in cryptocurrencies, there are others on the list. These include software maker MicroStrategy, tech conglomerate Block Inc., and Chinese photo application company Meitu.
It should be noted that the Thai retail market is not in a healthy state at the moment.The data shows that the number of active trading accounts is Down from 692,000 in January to 260,000 in July, coinciding with the decline in crypto prices. According to sources, Rattanabadi said he plans to open a cryptocurrency exchange in Thailand in partnership with cryptocurrency exchange Binance and is actively seeking a license.
As people around the world become more and more enamored with the cryptocurrency market, more and more countries are introducing regulations to ensure fair trading practices. However, it seems that the world’s top companies have predicted the future of the cryptocurrency market and started making small investments. As far as Elon Musk is concerned, apart from cryptocurrencies, American entrepreneurs have also shown interest in lithium and nickel stocks. Recently, Musk also signed a deal with his ASX-listed lithium company. The electric vehicle revolution has increased the demand for these two battery manufacturing materials.
The content presented may contain the author’s personal opinions and is subject to market conditions. Do market research before investing in cryptocurrencies. The author or publication accepts no responsibility for your personal financial loss.
