Gold strong, crypto set to soar, event told

Gold shines as a safe haven, while crypto eyes its golden era in the next three to four years, the annual Forbes Thailand Forum: The Next Tycoons 2025, was told yesterday.

- NUNTAWUN POLKUAMDEE

Under the theme “Investing Beyond the Downturn”, industry leaders at the event shared insights on safe-haven assets, digital disruption, and portfolio strategies. Among them were how gold prices in Thailand are expected to climb to 58,000 baht per baht-weight by year-end, supported by prospects of global interest rate cuts, while the cryptocurrency market is predicted to enter its “golden era” over the next three to four years.

Among the speakers was Kiradit Hirunyasiri, chief operating officer of MTS Gold, who said investors should continue to accumulate gold rather than sell, as interest rate cuts could push prices higher.

Historically, gold has delivered an average five-year return of around 12%. Year-to-date, prices have already surged 27%.

“Gold remains the must-have asset for security, far less volatile than equities or cryptocurrencies,” Mr Kiradit said.