Jirayut Subsrisopa sets a 3-year goal for Decacorn to rise, aiming for rocket growth. To a hundred-billion startup
Jirayut Sapsrisopha
Chief Executive Officer and Founder
Bitkub Capital Group Holdings Company Limited
Set a 3-year goal to make Decacorn prosperous
Aiming for rocket growth To a hundred-billion startup
“Bitkub will move towards becoming Decacorn (Decacorn) with a company value reaching 300,000 million baht. The key to this goal is expanding business overseas. Even though we have reached the point where we are unicorns. But we won't stop here. Because we see that the business opportunity of the bitkub group can reach Decacorn, so we must move forward. and create standards in Thailand to keep rising.”
The hottest cryptocurrency market in the past year Push the value of the crypto market to soar to $2.85 trillion by the end of 2021, making investing in digital assets a priority for both new and old investors. Including institutional investors turning to pay more attention. This popularity has led to huge growth in crypto exchanges around the world.
In Thailand, the digital asset trading center Bitkub has grown 1,000% and has also created big deals that are considered a big success for the Thai startup industry. from the acquisition of shares of the Siam Commercial Bank Group Becoming a unicorn startup at the perfect time Because the business is in full bloom. and has continued to be strong after facing many crises.
In 2022, bitkub is moving forward to conquer new peaks, higher, bigger, and more challenging with all of our full strength. And it is also a type of journey that goes straight to the destination. with exponential speed
bank finance Had a special interview with Jirayut Sapsisopa CEO and Founder of Bitkub Capital Group Holdings Limited shares his views on the crypto market in 2022 and projects a picture of the market that will enter the Golden Period in the next 2-3 years. amidst the uncertainty of the world As well as the latest goal of the Bitkub group to conquer a new peak. Heading towards becoming Decacorn, sending the company's value to reach 300,000 million baht, including new trends like x-to-earn, where users can generate income no matter what they do.
In 2024, crypto enters the golden era, Wave 4.
Points out that infra and Web 3.0 will definitely emerge as a peak market.
Jirayut begins giving a special interview with Bank Finance said that after the Bitcoin Halving occurred in mid-2020, delivered in 2021, the crypto market is extremely hot. It is also estimated that the movement of the crypto market is still based on the price movement of Bitcoin. Historically, the bull run of the crypto industry usually lasts 1-1.5 years and It usually occurs during Bitcoin Halving or the halving of the rewards from mining, which has now happened 3 times in the past 8 years.
Looking at statistics, the first halving occurred in the middle of 1. After 2012 months, the price of cryptocurrencies increased, with Bitcoin soaring from $6 to $11. The Bull Run lasted almost a year before The price would drop to $1,150 after another 1 years. The second Bitcoin Halving occurred in late 200, and after 4 months, the Bitcoin price jumped from $2 to $2016. This time there was a 6-year Bull Run. Then the price of Bitcoin dropped to $600.
And in the latest round, the third Bitcoin Halving occurred in the middle of 3. After 2020 months, the Bitcoin price jumped from $6 to $3,000, which this time was different from the past two times. Because crypto is starting to be accepted in many circles. There are more institutional investors coming in. Send the Bull Run period to be lengthened to 60,000 and a half years.
Jirayut emphasizes that What is clear is that the price of Bitcoin has decreased less than every time in each round of the halving. In Wave 1, it decreased 80%, in Wave 2 it decreased 70%, and in Wave 3 (currently) it decreased 50%. If you look at it. The duration of the Bull Run is longer, and with each price drop after the Bull Run, there has not been a time when Bitcoin has been lower than the initial price before the Bull Run in any cycle.
และที่สำคัญคือ ธรรมชาติของนักลงทุนในคริปโทฯนั้นมีความเปลี่ยนแปลงไป โดยข้อมูลจาก Coinbase ซึ่งเป็นกระดานเทรดเบอร์ 1 ในอเมริการะบุว่า ในปี 2017 สัดส่วนของนักลงทุนเป็นรายย่อย 70% นักลงทุนสถาบัน 30% ขณะที่ในปี 2021 สัดส่วนของนักลงทุนเป็นสถาบัน 70% รายย่อย 30% ทำให้เงินที่ไหลเข้ามาในตลาดส่วนใหญ่เป็นเงินที่มาจากนักลงทุนสถาบัน
It is expected that in Wave 4, the Bull Run period will be longer and if the cycle ends, the price will decrease. which may be lower than 50% because more institutional investors come in And this group of investors emphasizes long-term holding. But all of this is just a probability trend that uses data from the past to predict the future. What will be an important catalyst in 2024, or maybe sooner, is the arrival of Web 3.0 where the picture will become more clear. The infrastructure is ready, including the Decentralized Web, Decentralized Protocol, and Decentralized Application, which crypto is already the basis for. I believe that at that time there will be more Real Usecases and the market will be even bigger.
“It can be noted that every time the price of Bitcoin surges, it is a signal to enter the Bull Run. There is no way for us to go back to buying Bitcoin at a price before the surge below $3,000 again. And from now, in the next 2 years, there will be a Bitcoin Halving. For the 4th time, the reward that will be released for mining will be reduced from 6.25 BTC to 3.125 BTC every 10 minutes and if the statistics remain the same. The price will surge after the halving in the next 6 months and enter the golden year where everyone around the world is talking about Bitcoin again.”
Jirayus commented that Currently, the crypto market is entering a downtrend. Part of it comes from the uncertainty of the world. Whether it's the stock market, the crypto market, the Russian-Ukrainian war. The fact that people are saving more cash But on the other side The fact that Russia is under full sanctions from America and its allies including deleting from the SWIFT credit card system This may lead to another option being to use cryptocurrencies as the country's Mean of Payment.
This results in the use of Crypto Payment as a real usecase and may extend to Russia's GDP, which is currently at 1.48 trillion dollars. It will also enter the crypto market that currently has a market value of over 2 trillion dollars. If this is the case, it is likely that the crypto market will double in size.
“Bitcoin may develop into a safe haven asset due to the Russian-Ukrainian war situation. This matter has been clearly emphasized. The shocking fall in the value of the Russian ruble Or the fact that Russian commercial bank stocks dropped 90% to the point of bankruptcy. Billionaire in Russia converts all his assets into Bitcoin, leaves the country and starts a new life in another country. It is clear that Bitcoin creates economic freedom for everyone, creating free flow of capital, just like Facebook creates free flow of information or Airbnb creates free flow of people.”
Aiming to become Decacorn in 2025.
Create an Ecosystem Business to penetrate ASEAN
Jirayus said Currently, Bitkub Group's business is growing rapidly. After opening the business for only 4 years, Bitkub Capital Group Holdings Company Limited was established as the parent company. and expand the business by setting up 8 subsidiaries and according to the road map, at least 2 more subsidiaries will be established, for a total of 10 companies, excluding holdings.
- Bitkub Online Company Limited: is a digital asset trading center licensed by the SEC. It currently holds a market share of up to 90-95% of the digital asset trading value in Thailand.
- Bitkub Blockchain Technology Company Limited: is a company that develops Bitkub chain, NFT Marketplace, Bitkub Next, as well as collaborating with various business sectors. to develop blockchain projects together
- Bitkub Lab Company Limited: is a company that focuses on creating knowledge about blockchain for Thai children. Going to join hands with many universities Including various secondary schools Join in creating a curriculum on blockchain and crypto to support Thai children in adapting to technology.
- Bitkub Ventures Company Limited: is a Venture Capital company that invests in startups with new ideas. Focus on all things related to the New Economy.
- Bitkub M Company Limited: is a joint venture company with The Mall. To create a community called Bitkub M Social that allows traders to meet, chat, and share trading techniques. And there is also a meeting room available for use.
- Bitkub Worldtech Company Limited: is a joint venture company with the Thong Taeng Group. Focusing on the development of digital technology education Made for Thai children Thai people have more knowledge and skills in blockchain.
- Bitkub Infinity Company Limited: is a company that provides private fund services (Private Fund). Currently in the process of applying for a license. It will mainly focus on investing in crypto.
- KubTech Company Limited: is an IT service company in Vietnam. Providing services in the form of IT as a Service
- Bitkub Advisory (in the process of being established and applying for a license): doing investment advisory business. It is a research center about various coins. Bitkub Rating and Bitkub Index are created.
- ICO Portal (in the process of being established and applying for a license): Providing a system for offering digital tokens.
Jirayut continued: In addition to the 10 subsidiary companies, bitkub also has many plans prepared. But still cannot be revealed. From now on, we will focus on driving all subsidiaries to grow further. In the past year, we saw a good growth trend for our subsidiary companies continuously. The bitkub group expanded its business by setting up subsidiaries in various business lines. It is to create what is called an "Ecosystem Business" that is not just about making subsidiaries into affiliated platforms. But it will make all subsidiaries linked together until they form an ecosystem. The important catalyst is the request for Web 3.0, which will shorten the time to reach the goal but the challenges will increase many times as well.
In addition, the bitkub group will expand its business overseas. Especially the digital asset trading center business of Bitkub Online is strong in Thailand. Will be expanded to open in other countries in ASEAN. Especially in countries that do not yet have a clear market leader, such as Malaysia, the Philippines, and Laos, all business expansion methods will be open. Whether it is a joint investment Buying a company or applying for a license to provide services under the Bitkub brand, depending on appropriateness in each country It is expected that we will begin to see progress this year. After starting to discuss the possibility in many countries
At the same time, bitkub will continue to move forward with its plan to list on the stock exchange. This is the goal that bitkub announced from the first day the company opened. Currently in the internal process including changing the accounting system Internal audit and control system Using world-class auditors Until starting to work with FA, but not at the stage of submitting files soon. Bitkub will try to study opportunities in both the Thai and international markets. It is expected to enter the market in 2023. If it is a foreign stock exchange, it will happen at the beginning of the year. and the Stock Exchange of Thailand (SET) will occur at the end of the year.
“Bitkub will move towards becoming Decacorn (Decacorn) with a company value reaching 300,000 million baht. The key to this goal is expanding business overseas. Even though we have reached the point where we are unicorns. But we won't stop here. Because we see that the business opportunity of the bitkub group can reach Decacorn, so we must move forward. and create standards in Thailand to keep rising.”
Jirayus estimates that the bitkub group will reach the point of being a decacorn within the next 2-3 years because in the past bitkub has grown at a level of 1,000% for 4 consecutive years. In 2024-2025, it is expected that the crypto market will enter the Bull Run period. If after the 4th Bitcoin Halving the market grows further, the chance of bitkub becoming Thailand's decacorn will be very high.
This is similar to when Coinbase, an American crypto exchange, became a unicorn four years ago. But in the latest wave of growth, combined with Coinbase's listing on an American stock exchange, This made the company's value soar to 4 trillion baht, comparable to 3 Decacorns.
Keep an eye on the new world trend x-to-earn
The beginning of the Web 3.0 era in Thailand
Jirayut said that in 2022, interesting trends in the crypto world are Crypto Games, NFT Games, and DAO (Decentralized Autonomous Organization) that will be strong, and that is worth watching and is an important strategy of the bitkub group in This year is the trend of x-to-earn (x represents all types of activities) where whether playing games, studying, exercising, listening to music, watching advertisements, you will all be able to earn income. This will merge the digital and real worlds together. For example, Bitkub's partnership with Bar BQ Plaza has created the eat to earn trend where if you come to eat, you will receive an NFT card in exchange for a discount. and various privileges. There is a ranking for people who collect the most cards or the fact that bitkub supports the Thai football league. KUB medals are awarded to the best players in each competition, and NFT cards of Thai football players are issued. for Thai football fans to collect as well.
“The x-to-earn trend will dramatically change the traditional business model in many ways. Because everyone can make money from what they do and the income they receive from both NFT and KUB can be connected to all industries in a Cross Chain Benefit, such as collecting NFTs and Thai football cards. If the conditions are met, you can get the right to watch the final beauty pageant or eat at Bar BQ Plaza and collect NFTs, but you can get tickets to watch the big football match. This is the interconnectedness of the bitkub Ecosystem.”
Jirayus said Bitkub's strategy of focusing on x-to-earn is what led its subsidiary Bitkub Blockchain to undertake the Erawan Hardfork project, adapting the consensus system to a Proof of Stake Authority (POSA) and increasing the number of auditors. Verify transactions (Validator Node) to make bitkub chain a platform for businesses to connect and create x-to-earn business models.
“This picture will start to become clear in April. And this is the trend of the world. It is the era of Web 3.0 where everyone participates in ownership through the Decentralized Web and there is a Blockchain Wallet, Bitkub Next, that can be used for storing various coins and NFTs, which in the past has received good response. from users very well This is the main strategy of bitkub which wants to be a part in helping SME entrepreneurs and building the bitkub Ecosystem.”
For use cases within the Bitkub Ecosystem, it can occur in many forms, such as using KUB coins or NFT Cards to burn to vote for the best player in an important football match, selecting the starting 11 players in compete Even choosing actors and actresses to play the roles of heroes and heroines in blockbuster movies. While various benefits that users receive can also be linked to every business.
“The x-to-earn trend will not only occur in the Bitkub Ecosystem, but the entire world. We can see that NFT Marketplaces are rapidly emerging. And everywhere there are all x-to-earn models. The value of this market is enormous because this is Web 3.0 where everyone shares the benefits. It is Read-Write-Own-Open.”
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