According to Foresight News , at the "FORESIGHT 2024" annual summit, Matrixport co-founder and CEO John GE said in the roundtable forum "Incremental Volume of Hong Kong's Crypto Market" that the state of the crypto market this year is different from the bull market in previous cycles. Although the price of crypto assets is already at a historically high range, retail investors are not enthusiastic about participating, and traditional finance is not strong in macroeconomic fundamentals. In terms of asset management segments, Matrixport contacts non-retail groups. 2021 is the peak period of crypto asset management, but with the collapse of asset management institutions such as FTX and Three Arrows Capital, more and more users only regard crypto assets as risky assets. Until the launch of crypto ETFs, as far as the Asian market is concerned, especially after the launch of Hong Kong's digital asset ETF, the crypto asset management industry now has a trend of returning to its peak in 2021, which is a very good aspect of Hong Kong's regulatory market.
Regarding the current challenges, John GE said, "When advising clients on crypto assets, unlike the "active stock selection" in the traditional stock market, we rarely recommend clients to allocate some small currencies. Most users want to invest their funds in mainstream assets such as BTC and ETH. Therefore, how Matrixport can find better returns on mainstream assets such as BTC is a challenge currently faced. For asset management, performance represents everything. How to convince new users to enter the crypto asset management market is another challenge. In this regard, Hong Kong's compliance provides a very good path for the increase in crypto asset management, which means that there is a guarantee of security and risk control, which can win the trust of more traditional investors."
The annual summit "FORESIGHT 2024" was held at the Hong Kong Ocean Park Marriott Hotel from August 11 to August 12. The full live broadcast is now available on the Foresight News official website. This summit is co-organized by Foresight Ventures, Foresight News and The Block. It aims to provide a stage for communication and collision of ideas for global Web3 builders, and to build a bridge connecting the East and the West and bridging regional differences. We invited senior political officials, industry leaders, heads of traditional institutions, top VC investors and representatives of popular projects to discuss dozens of hot topics such as the new chapter of Web3 in Asia, the strategic opportunities and challenges of institutional entry, the regulatory context under the background of compliance, the new trend of global Web3 investment, the Bitcoin ecosystem, AI+Crypto from narrative to application, ZK large-scale application, social networking, etc., and held dozens of wonderful discussions.
