Mr. Jirayut Subsrisopa The founder and CEO of Bitkub Capital Group Holdings Company Limited revealed to Thansettakij that 2024 will be the year that the Bitcoin Halving phenomenon occurs, which is when the reward from mining Bitcoin will decrease every time. 4 years, halved every 210,000 blocks, each block created every 10 minutes
The expected date for the next Bitcoin Halving phenomenon is April 25, 2024 (subject to change), with the reward decreasing from 6.25 to 3.125 BTC.
“This phenomenon It will stimulate the price of Bitcoin to rise significantly. It can be noticed that the market is starting to wake up from the Bitcoin price which has begun to rise during this period. In addition, next year is about to enter a downtrend in interest rates.”
via web trading Bitkub We are already prepared to deal with next year’s halving. By relying on lessons learned from previous phenomena. The exchange is confident that there will be more people interested in signing up for the Bitcoin Exchange system than 4 years ago. Currently, Bitkub has more than 800 employees and the system supports tens of thousands of new customers per day.
“Last halving, we only had 200 employees, but had to KYC more than 40,000 Bitkub Wallet applicants per day. The system was not ready. In the end, it crashed and had to shut down the system for 5 days. People complained all over the country. But we were able to capitalize on the growth.”
As for Bitkub Capital Group Holdings’ next plan, it is to submit a registration statement (filing) of the company to accompany the application for permission to offer common shares to the general public, or IPO, to the Securities Commission. And the Stock Exchange or SEC expects that it will take approximately 1-2 years from now to be completed and open for stock trading.
“Now all of our criteria have been met. Both profit criteria and registered capital, only filing remains. Next year, Bitkub will focus on halving first and then proceed to the next step of every project.”
Currently, Bitkub has expanded into many areas of business, with Bitcoin Exchange being just one of the companies under Bitkub Capital Group Holdings that conducts the business of buying and selling crypto. Other businesses include Blockchain Business, Metaverse, AI, Academy and Venture Capital.
After next year’s halving, it is believed that Bitkub will have enough capital to start the plan to enter the international market by using the Bitcoin Exchange as a pilot, starting to enter countries with market potential. And there have been legal advances regarding cryptocurrencies. Starting with one region at a time
The European region will start with “Gibraltar” which is an overseas territory of the United Kingdom and will use the same laws. including Luxembourg There has been quite a bit of progress in crypto legislation, which Bitkub will use as a gateway to Europe.
The East Asia region will start with “Hong Kong” as the gateway to the Chinese market. It is expected that next year there will be a large influx of capital. Moreover, Hong Kong is about to enact cryptocurrency laws, while the Chinese market cannot be entered. Because this matter is still banned. It is expected that China will release its own digital assets.
ASEAN region Currently studying the law It is expected to start with “Cambodia and Vietnam” because there are no competitors yet. It may take time to understand each country. Let the relevant laws be passed first.
“Currently, we are the largest exchange in ASEAN. Recently, the SEC, Vietnam and the Bank of Lao PDR sent officials to study information and visit Bitkub’s office this year, which is a sign that These countries should have made some progress in this regard.”
Source: Thansettakij
2023-12-10 12:09:32
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