Carson Wentz struggles after a week without practiceĢ. I've been wanting to start an investment blog for some time and figured the best way to start is to do. This post is more of a reflection piece to kick-start my foray into investment blogging and not meant to be a research-intensive article. Ultimately, will cryptocurrency be a form of currency or become a store of value? Or will it be both in the future? Either way I am excited to see how this plays out in future! Some Closing Words Unfortunately, we will need to wait for at least a few years to see this happen. Once we pass this hurdle, there will be wider adoption of cryptocurrency resulting in a clearer use case of this asset.
#Quick thoughts how to#
In the midst of all these confusing stance reversal and contrasting news, one thing is clear: Interest is rising and governments are struggling to figure out how to regulate cryptocurrency. However, all these good news were contrasted with negative ones such as the crypto ban in China and possible ban by India (recent news suggests that they might reverse their decision) and Netherlands. Overall, I feel that cryptocurrency is still struggling to find its identity and place in this world. Currently, we see companies putting it on their balance sheets, institutions opening crypto trusts or exchanges and even it being adopted as legal tender in El Salvador (only Bitcoin though). Instead, it will be an exploration of the bigger picture and where I think we are headed with crypto. There are many articles discussing cryptocurrency in depth but this section won't be one of it. This represents a fertile ground for growth and for companies to fill the access gap experienced by the underbanked. According to a report from Fintech and Digital Banking 2025 Backbase & IDC, only 30% of APAC banking customers are active on digital banking channels.
There have been an explosion in the number of digital financial products catered to the underserved in the region. This one's closer to home and something that I have observed living in the region. As Shopee has demonstrated it's ability to execute well, I would give more weight to their judgement here. Back to the topic, Mexico, Latin America's second-largest economy, must have displayed superb growth opportunities in order for Sea Group to choose this country, out of many others to, to expand into.
Just a quick introduction, Sea group is the "leading consumer internet company in Southeast Asia and Taiwan" whose stock price rose 500% in 2020.
There must be a good reason why Shopee, the e-commerce arm of Sea Group (SE), chose to launch its app in Mexico this year. Although this was mostly due to its quick economic recovery stemming from excellent control over the spread of COVID-19, I do see this trend continuing as China forges ahead with its economic growth.Īs I assess the current market situation, I can't help but wonder which will be the next up-and-coming market to steal the spotlight? Here's what I think it might be: Mexico and Southeast Asia. Last year, China became the largest market for foreign investments, overtaking the top spot held by the US. Tencent and Alibaba which resulted in higher inflow of investments. Presently, we see more and more Chinese companies capturing the world's attention e.g. Some investors, such as Charlie Munger, already spotted the opportunity and invested in the Chinese market (he started 17 years ago!) way before China rose to it's current status. US enjoyed its status as the world's largest economy until recently China came along and fought for the spotlight. 1. The Next Market(s) To Focus On The Current Situation After digesting several articles and news that I've read over the past few days, here are my thoughts on two opportunities that might explode in future.
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