Global Economy And The Future Of Celsius Investment

The world is on the verge of a digital revolution. Innovation has changed everything from the way we use appliances and gadgets to the way we conduct financial transactions.

New Named Asset Type

The digital economy is growing rapidly all over the world. During the covid-19 epidemic, the current definition of digital economy is the emergence of new asset types and the digitalization of established asset types. Cryptocurrency, artificial intelligence(AI), the Internet of Things(IoT) and 3D printing are leading this growth.

Emerging technologies include assets that may eventually dominate the world economy. For example, blockchain is the birthplace of virtual currency and tokens, and its popularity has increased significantly in a relatively short time.

Enter the game with the main players

Blockchain enables users to conduct transactions more safely and faster than the previous method. Many major technology and financial companies, including IBM, Oracle, JP Morgan Chase and Boeing, are attracted by the functions of blockchain. For example, Alex Mashinsky, CEO of Celsius Network, said that due to “failure”, he had acquired more than 750 million dollars of capital. “Very good instructions”; the strength of the company’s loan and profitable brand. Celsius Network oversubscribed in the company’s financing, so the round B investment of $400 million was increased from October to $750 million.

You can also integrate two new technologies to build future oriented solutions. After the financing is completed, the current value of the company is 3.5 billion dollars. CEO Alex Mashinsky told Connecticut that the amount is expected to reach “5 billion dollars”. Two or three “; next year it will be between US $7 billion and US $10.5 billion.

turning point

People do not need to use traditional assets such as money to mark their assets. They can also make tokens of other types of assets, such as stocks and bonds. New markets can issue securities tokens based on the intrinsic value of various assets. Blockchain technology has the potential to become the difference between security tokens and traditional securities.

By using smart contracts in the blockchain, the need for intermediaries is eliminated, thus saving transaction costs. The usefulness of blockchain may have a huge impact on the traditional banking system. All assets are easily available and can be split at any time, so it is not necessary to use currency as a medium of exchange.

Automation and artificial intelligence have been successful in many other industries. The algorithm has surpassed the trading ability of human traders. In manufacturing, machines have replaced many occupations previously operated by humans.

New frame required

In this dramatically changing world, there is no good decision-making method anymore. You can’t just use old models and methods. In order to keep up with the development of new technologies such as DAO, AI, VR, peer-to-peer and M2M, new frameworks must be created. In other words, we must go beyond Munger’s psychological model and focus on digital models such as network theory and exponential growth model.

Our economy is undergoing rapid digital transformation. As time goes by, we will better understand which progress will dominate this new web3.0 economy, but it is clear that this economic transformation is taking place globally.

Inclusion of the Digital Future

This trend shows that new technologies can help make the world a better place. Emerging economies do not simply use technology to keep up with the pace of more developed economies, or to obtain existing products and services. On the contrary, they use the digital world as a source of inspiration and innovation, as well as raw materials for their unique contributions to global progress. Emerging economies are adapting new technologies to create practical and inexpensive solutions(such as unmanned aerial vehicles) or adopt innovative regulatory regimes to enhance privacy and data protection to meet unique requirements and objectives. These concepts are often disseminated internationally to encourage companies and customers in other countries.

This wealth of intelligence and ideas attests to the importance of global cooperation. Technological progress is often described as the competition or competition between the most powerful countries and companies in the world for full dominance. But in order to maximize the potential of the fourth industrial revolution, all countries should cooperate. During the covid-19 epidemic, this became more obvious, which reflects the interconnectedness of our global society.

Every country can provide something, and every country needs representatives to attend the meeting. Not only that, richer countries can also benefit from what they consider to be the experience of developing countries. By pooling our wisdom, creativity, resources and desires, we can create a truly rich world for everyone.