by Penny Angeles-Tan | Dec 19, 2024 | Business
Explore recent developments in Bitcoin, the Federal Reserve’s stance, and BTC price trends. Learn how macroeconomic policies, Bitcoin Rainbow Chart insights, and expert predictions could shape Bitcoin’s future, with forecasts of Bitcoin price by 2025.
Federal Reserve Chair Jerome Powell recently reaffirmed the institution’s legal stance on Bitcoin reserves. Speaking at a post-monetary decision conference, Powell stated that the U.S. central bank is legally barred from holding Bitcoin as a reserve asset.
Powell emphasized that current laws prevent the Federal Reserve from maintaining a Bitcoin reserve and that there is no interest in pursuing legal changes to allow for such holdings.
Powell’s remarks, coming after the year’s final Federal Open Market Committee (FOMC) meeting, reiterated the Fed’s consistent position on this issue.
Context Behind Powell’s Comments
These statements come as Bitcoin reached new all-time highs and amid significant global developments in cryptocurrency adoption. Notably, President Donald Trump’s administration has proposed creating a national Bitcoin Strategic Reserve, a policy supported by several legislators and industry leaders.
However, skeptics, such as Nic Carter from Castle Island Ventures, warn that such a move could undermine the U.S. dollar’s position as the global reserve currency. Meanwhile, countries like Russia appear poised to establish their own Bitcoin reserves, potentially escalating geopolitical competition in the cryptocurrency space.
Bitcoin Price Trends and Influences
Bitcoin’s price movements have been closely tied to macroeconomic policies, such as Federal Reserve interest rate decisions. Following the Fed’s recent 25 basis point rate cut, Bitcoin’s price dipped slightly, continuing a downward trend before stabilizing around $101,685.
Despite short-term volatility, Bitcoin has demonstrated significant growth, surpassing its previous all-time high and climbing to over $107,000 earlier in December.
This rally has been fueled by factors including the approval of Spot Bitcoin ETFs and growing skepticism about the U.S. dollar’s long-term stability.
The Role of the Bitcoin Rainbow Chart
The Bitcoin Rainbow Chart, a popular tool in the crypto community, offers a visual representation of Bitcoin’s historical price movements. Using color-coded bands, the chart categorizes market sentiment from “Still Cheap!” to “Sell. Seriously, SELL!”
Here’s a summary of the Bitcoin price zones based on the Bitcoin Rainbow Chart above:
1. Fire Sale (Blue)
– Price: Extremely undervalued.
– Situation: Occurs during bear markets or sharp corrections.
– Ideal Action: Buy aggressively, as this phase reflects extreme pessimism or market overselling.
2. BUY! (Light Blue)
– Price: Low, but with slightly more market confidence than the Fire Sale zone.
– Situation: A favorable time for long-term accumulation.
– Ideal Action: Consider buying Bitcoin.
3. Accumulate (Green)
– Price: Still undervalued, but less so than previous zones.
– Situation: Seen as a good time to accumulate for long-term growth.
– Ideal Action: Build Bitcoin holdings for future potential gains.
4. Still Cheap (Dark Green)
– Price: Starting to rise but still relatively inexpensive.
– Situation: Often occurs during recovery phases after major corrections.
– Ideal Action: Buy or hold depending on your strategy.
5. HODL! (Yellow)
– Price: Rising steadily, and market optimism returns.
– Situation: No longer an ideal time for large purchases.
– Ideal Action: Hold onto your Bitcoin.
6. Is this a bubble? (Light Orange)
– Price: Approaching speculative levels.
– Situation: Market may be overheating.
– Ideal Action: Hold or prepare an exit strategy if you think the market is nearing its peak.
7. FOMO Intensifies (Orange)
– Price: Speculative behavior dominates as Fear of Missing Out (FOMO) drives prices.
– Situation: Gains can still be made, but risks increase significantly.
– Ideal Action: Consider taking profits or selling part of your holdings.
8. Sell. Seriously, SELL! (Red)
– Price: Extreme market euphoria, entering bubble territory.
– Situation: Prices are unsustainable, and corrections are likely.
– Ideal Action: Sell your Bitcoin, as the market peak may be near.
9. Maximum Bubble Territory (Dark Red)
– Price: Peak of speculative mania, extremely high prices.
– Situation: Often followed by sharp corrections.
– Ideal Action: Sell all remaining Bitcoin if you haven’t already.
This chart helps investors strategize based on Bitcoin’s market cycles and price trends.
Bitcoin Price Prediction 2025
Bitcoin price prediction 2025 by analysts could reach between $120,000 and $150,000 by mid-2025, driven by reduced leverage and increased institutional participation. Factors such as ETF approvals and the potential implementation of Trump’s Bitcoin reserve strategy are expected to fuel this growth.
However, risks remain, including the possibility of “stagflation”—a combination of high inflation and economic stagnation—as noted by analysts from The Kobeissi Letter.
If the Federal Reserve mismanages interest rate cuts amidst rising inflation, it could exacerbate market volatility.
Bitcoin: A Long-Term Projections
Michael Saylor, CEO of MicroStrategy, has forecasted that Bitcoin could grow at an average annual rate of 29% over the next 21 years, potentially reaching $13 million by 2045.
This ambitious projection aligns with models based on adoption rates and market cycles. For 2025, estimates suggest a peak price of $261,000, supported by the Rate of Adoption model and enhanced by the rising popularity of Bitcoin ETFs.
Conclusion: Key Takeaways for Investors
As the crypto market continues to evolve, understanding these dynamics will be crucial for navigating opportunities and risks in this rapidly changing landscape. Here some points that you have to pay attention for as investors in crypto market:
1. Regulatory Landscape: The Federal Reserve’s current position and the legal framework surrounding Bitcoin reserves remain unchanged. Investors should monitor developments in government policy and international competition.
2. Market Timing: Tools like the Bitcoin Rainbow Chart provide valuable insights into market phases, aiding in strategic investment decisions.
3. Economic Indicators: Macroeconomic factors, including inflation rates and Federal Reserve policies, will play a critical role in shaping Bitcoin’s trajectory.
4. Long-Term Potential: While short-term volatility is expected, historical patterns suggest strong long-term growth for Bitcoin, making it a valuable asset for patient investors.
by | Dec 19, 2024 | Business
Kuala Lumpur, Malaysia – 19 December 2024 – Nusantara Global Network, a leading digital marketing and business development agency in Southeast Asia, is proud to announce a strategic partnership with Tickmill, a prominent broker in the global Forex and CFD market. Through this collaboration, traders in Malaysia registered under the Nusantara Global Network will gain access to exclusive rebate of up to 100%.
This rebate initiative, provided by Tickmill, offers traders additional benefits through self rebates of $10 for gold and Forex trading, making it one of the largest rebate offers in Malaysia. Nusantara Global Network acts as the Introducing Broker (IB) for Tickmill, providing traders with the opportunity to enjoy direct rebate benefits from their trading activities.
Driving Better Trading Growth with Tickmill
This collaboration is part of Nusantara Global Network‘s effort to expand traders’ access to better trading opportunities in the global market. With continuous high self rebates, traders under this network can reduce their trading costs, thereby maximizing their profits.
“We are excited to partner with Tickmill, a globally recognized broker for its trustworthiness and commitment to traders,” said a representative from Nusantara Global Network. “By offering 100% rebates, we believe this partnership will deliver great value to traders in Malaysia, enabling them to optimize their trading strategies more effectively.”
In addition to attractive rebates, Tickmill is known for its advanced and user-friendly trading platforms, as well as fast trade execution. Traders under Nusantara Global Network now have the opportunity to benefit from both the rebates and the innovative trading technology offered by Tickmill.
Statement from Tickmill
“We are pleased to strengthen our partnership with Nusantara Global Network, one of the leading agencies in Southeast Asia. By offering this exclusive rebate, we hope to empower our traders in Malaysia with more trading power,” said a representative from Tickmill. “This partnership aligns with our mission to support traders worldwide with high-quality trading services and competitive trading conditions.”
About Tickmill
Tickmill is a leading global broker providing access to trading in various asset classes, including Forex, commodities, and CFDs. Tickmill is renowned for its excellent customer service, fast trade execution, and user-friendly platforms. The broker remains committed to providing traders worldwide with the best trading conditions and competitive opportunities.
by | Dec 19, 2024 | Business
UEM Edgenta Berhad (UEM
Edgenta), a leading asset management and infrastructure solutions company in
the region, has had its Islamic Medium-Term Notes (IMTN) under its RM1.0
billion Sukuk Murabahah Programme, with the outstanding
Sukuk standing at RM250.0 million, upgraded to AAIS from AA-IS by MARC
Ratings Berhad (MARC Ratings) for the first time since the rating was
first assigned in 2017. This upgrade
highlights UEM Edgenta’s strong financial position, consistent business growth,
and exceptional operational capabilities across its core segments, including
Healthcare Support Services, Property and Facility Management, Infrastructure
Services and Asset Consultancy.
In its announcement,
MARC Ratings highlighted UEM Edgenta’s sustained ability to generate consistent
cash flows, underpinned by its diversified revenue base and long-term
contracts. For the first nine months of 2024 (9M2024), newly secured contracts
continued to grow, reaching RM2.3 billion (2023: RM2.0 billion), with
healthcare solutions contributing 80%. This includes RM900 million worth of
contracts for Healthcare Support Services in Singapore, spanning a period of
five (5) years.
In infrastructure
services, carried out by wholly-owned subsidiary Edgenta PROPEL Berhad, the
group benefits from a long-term master maintenance services contract with Projek
Lebuhraya Usahasama Berhad (PLUS) for highway maintenance. This contract
ensures a stable income stream through 2038. Additionally, the group’s
acquisition of a 60% equity stake in United Arab Emirates–based Kaizen Group, a
property management company, for RM74.9 million in February 2024, further
expands its property and facility solutions portfolio.
MARC Ratings highlighted
the Company’s improved credit metrics and effective cost management
initiatives, which have contributed to its enhanced risk profile and financial
resilience. The rating agency also acknowledged prudent financial management,
which has bolstered UEM Edgenta’s liquidity position and debt servicing
capacity. For 9M2024, revenue increased by 7.6% y-o-y to RM2.2 billion and
pre-tax profit rose by 5.1% to RM65.6 million. Operating margins have remained
at around 3%, and the group is undertaking initiatives to strengthen the
profitability margin by streamlining operations and leveraging technology to
enhance efficiency. The margin improvements are expected to allay concerns over
the impact from the minimum monthly wage revision to RM1,700 from RM1,500
effective February 2025.
Commenting on the rating
upgrade, Syahrunizam Samsudin, Managing Director/Chief Executive Officer of UEM
Edgenta, said: “This recognition by MARC Ratings highlights the strength of our
strategic direction and unwavering commitment to delivering value to our
stakeholders. The AAIS
rating reflects UEM Edgenta’s robust financial standing and superior ability to
meet its financial obligations, reinforcing our reputation as a trusted leader
in the asset management and infrastructure solutions sector. It is a testament
to the confidence our clients and partners place in us. Moving forward, we will
continue to harness our expertise to drive sustainable growth and deliver
impactful, innovative solutions across the markets we serve.”
UEM Edgenta’s RM1.0
billion Sukuk Murabahah Programme has been a cornerstone in supporting its
strategic growth initiatives, including investments in technology-driven
innovations and sustainability-focused projects. This latest rating upgrade
enhances the programme’s appeal, positioning it as an attractive opportunity
for investors seeking stable, high-quality investments.
For further information on UEM Edgenta, log on to https://www.uemedgenta.com.
by | Dec 19, 2024 | Business
Asuene Inc. and its subsidiary, Asuene APAC, have been selected for the Japanese Ministry of Economy, Trade, and Industry’s (METI) FY2023 supplementary “Grant for The Global South Future-Oriented Co-Creation Project.”
This initiative aligns with one of AZEC’s (Asia Zero Emissions Community) “10-Year Action Plans”: improving industrial competitiveness through greenhouse gas (GHG) emissions visibility across entire supply chains. Through this program, we will implement a demonstration project to assess GHG emissions and evaluate/manage ESG data via supply chain integration in key APAC nations: India, Thailand, Malaysia, Indonesia, the Philippines, Vietnam, and Singapore.
Background of the Demonstration Project
Achieving net-zero by 2050 requires urgent, global measures to tackle climate change, including GHG reductions. Amid rising implementation of carbon taxes and mandatory disclosure requirements for corporate CO2 emissions, these trends are accelerating rapidly across APAC.
APAC holds a central position in global supply chains, especially in manufacturing. However, key challenges include insufficient regulatory readiness and underdeveloped data collection infrastructures to address GHG emissions effectively. For Japanese corporations operating locally, robust solutions to manage stricter carbon taxes and environmental regulations are in high demand.
As a climate tech leader, Asuene specializes in decarbonization and ESG services. Our climate cloud platforms, “ASUENE” for CO2 emissions tracking and reduction, and “ASUENE ESG” for ESG evaluation and management, support businesses worldwide. “ASUENE” provides end-to-end solutions in emissions calculation (Scope 1–3), carbon footprint assessment, reduction, offsetting, environmental data management, and reporting, all in compliance with the GHG Protocol. Similarly, “ASUENE ESG” allows supply chains to enhance their ESG management and transparency.
With over 25,000 clients globally, including APAC firms, our tools facilitate sustainable corporate governance under a unified platform. Asuene APAC, established in Singapore in November 2022, has further driven service expansion and partnerships, enabling growth in APAC manufacturing, a region pivotal to achieving net-zero and industry-standard adoption globally.
Given these developments, Asuene Inc. and Asuene APAC have been awarded METI’s “Grant for The Global South Future-Oriented Co-Creation Project.”
Our Commitment
With this grant, Asuene and Asuene APAC aim to serve APAC manufacturing and construction industries—key players facing rising demands for GHG reduction and sustainable supply chains. We will deliver systems that enable effective data collection, evaluation, and management of GHG emissions and ESG-related factors. By tailoring solutions through localized research and system optimization, we will address regulatory and operational challenges unique to each country. This initiative will help resolve GHG assessment and supply chain management issues while driving decarbonization and ESG-oriented management.
This project also supports AZEC’s overarching action plan for GHG visualization and industrial competitiveness improvement through supply chain transparency. In collaboration with AZEC, we aim to expand markets that reward CO2 reduction efforts, helping businesses with APAC operations build sustainable supply chains and enhance their competitive edge in decarbonization and ESG governance.
By doing so, Asuene contributes to both strengthening regional industrial competitiveness and global net-zero realization.
Overview of the “Grant for The Global South Future-Oriented Co-Creation Project”
This program addresses critical socio-economic challenges in Global South regions, including industrial vulnerabilities, healthcare, disaster management, and food security. It leverages digital and emerging technologies to deliver autonomous, swift, and innovative solutions.
By fostering collaborative business models between Japanese and local businesses, the program supports industrial development and societal advancement. This initiative aims to strengthen Japanese industries through technology transfer, innovation creation, and resilient supply chains, ultimately laying a foundation for sustainable business ecosystems beyond mere financial returns.
The Global South Future-Oriented Co-Creation Project: https://gs-hojo-web.jp/
by | Dec 19, 2024 | Business
Kuala Lumpur, Malaysia – Gelly Wee Wedding Gown, renowned for its exquisite bridal collections, has launched its much-anticipated December Mystery Box Campaign. This festive season, brides-to-be who rent a wedding gown from Gelly Wee will receive incredible gifts and stand a chance to win lavish prizes, including round-trip flight tickets to dream destinations and luxury items.
In line with Gelly Wee’s commitment to pampering and delighting every bride, the December Mystery Box Campaign brings excitement and glamour to the wedding preparation process. From now until the end of December, every customer who books a wedding gown rental will receive a Mystery Box containing delightful surprises.
Kuala Lumpur, Malaysia – Gelly Wee Wedding Gown, renowned for its exquisite bridal collections, has launched its much-anticipated December Mystery Box Campaign. This festive season, brides-to-be who rent a wedding gown from Gelly Wee will receive incredible gifts and stand a chance to win lavish prizes, including round-trip flight tickets to dream destinations and luxury items.
In line with Gelly Wee’s commitment to pampering and delighting every bride, the December Mystery Box Campaign brings excitement and glamour to the wedding preparation process. From now until the end of December, every customer who books a wedding gown rental will receive a Mystery Box containing delightful surprises.
Exclusive Prizes in the Mystery Box
Brides have the chance to win the following luxurious prizes:
Round-Trip Flight Tickets to breathtaking destinations such as Korea, Japan, Hong Kong, and Bali.
An exclusive Louis Vuitton Vivienne Doll.
A stunning Berta Ball Gown, known for its unparalleled elegance and craftsmanship.
Melix Hair Shampoo to keep your locks luscious and wedding-ready.
Numerous other thoughtful and elegant gifts designed to celebrate and spoil every bride.
December Delights Await You
“We’ve always believed that every bride deserves to feel special and celebrated,” said Gelly Wee, founder and creative director of Gelly Wee Wedding Gown. “With our December Mystery Box Campaign, we’re bringing an element of surprise, luxury, and joy to the wedding experience. There’s no better way to end the year than by giving our brides the chance to win amazing prizes while preparing for their big day.”
An Invitation to Unforgettable Moments
This December, Gelly Wee invites all brides-to-be to become their valued guests and experience an unparalleled level of care and excitement. Whether it’s the thrill of winning an international trip, the delight of receiving a luxury collectible, or simply enjoying the elegance of a Gelly Wee wedding gown, this campaign promises unforgettable memories.
Don’t miss this limited-time opportunity to be part of Gelly Wee’s most thrilling campaign yet. Appointments are filling fast, so book your gown now and claim your Mystery Box!
For more information and to make your reservation, visit Gelly Wee Wedding Gown’s official instagram.
by Ferry Bayu | Dec 19, 2024 | Business
ASUENE, a carbon accounting platform developed by ASUENE Inc., will begin offering a white label version of the service. PT Bank SMBC Indonesia TBK, a major bank operating in Indonesia and a consolidated subsidiary of the Sumitomo Mitsui Financial Group, has introduced the white-label version of ASUENE as the optimal tool to support the decarbonization and ESG management of local corporations, and has begun selling it to its corporate clients.
Background
Following the Japanese government’s declaration of carbon neutrality by 2050, companies are required to reduce CO2 emissions not only within their own operations but also across the entire supply chain, including their business partners.By March 2027, the SSBJ standards will be mandatory for companies with a market capitalization of over 3 trillion yen, further accelerating decarbonization efforts, particularly among large corporations.
ASUENE will promote the white label provision of its “ASUENE”, a carbon accounting platform. Companies using the white label service can customize the logo and set up their own domain, enabling them to support the decarbonization and ESG management of their supply chain and affiliated companies using “ASUENE”.
In November 2024, as part of this initiative, ASUENE formed a business partnership with SMBC Indonesia, and will support the provision of the white label “ASUENE” to SMBC Indonesia’s customer base, which includes over 300 listed and major companies in their investment and financing portfolio.
Features
Asuene will not only collaborate with financial institutions but also work with companies across domestic and international supply chains, including those in the manufacturing sector.
Through expanded collaborations across industries, we will leverage the expertise of“ASUENE”, a carbon accounting platform with the No. 1 implementation track record in Asia, to support companies in their decarbonization management efforts.And we will contribute to the realization of a carbon-neutral society on a global scale, both domestically and internationally.
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