Among today’s news, the speech by Star Xu, founder and CEO of OKX, on the crypto sector and Bitcoin stands out, featuring reflections and future prospects. For Star, in the next decade, cryptocurrencies and AI will be one of the best sectors for the development of commercial technology.
OKX News: the New Year’s event in Vietnam and Star’s reflections on crypto
The CEO and founder of the crypto-exchange OKX, Star Xureleased his entire speech on Bitcoin and crypto.
During the event “OKX New Year’s Dinner” in Da Nang, VietnamStar participated via video link and shared deep reflections on the development of the sector and future prospects.
First and foremost, Star spoke of an urgency regarding what is creating the semantic gap of the word “Crypto Circle” or “Crypto Industry”. Conceptually, in fact, Star defines this word in a positive way, intending to indicate technological innovation and economic empowerment.
On the contrary, translating this word with the Chinese term “币圈”, many people attribute a derogatory connotation, creating a prejudice against the crypto sector.
To give a practical example, Star says that those who fail in their startup and enter the cryptocurrency sector to start over could be described as “this person has entered the cryptocurrency circle”.
In this regard, Star states:
“After delving into the cryptocurrency sector for decades, I realized that it is a technology-driven, innovative, and vibrant industry that enjoys global regulatory support. In the next decade, crypto and AI will become one of the best sectors for the development of commercial technology. Therefore, I wish to invite everyone to maintain the reputation of the “币圈” or “cryptocurrency industry”, starting with our words and actions, respecting our colleagues, and building an innovative, technological, and transparent industry.”
OKX News: Star’s intervention on the prospects of Bitcoin and crypto
Another interesting point of Star’s speech concerns the focus on product development, to then enjoy the dividends of the sector’s growth.
In this regard, Star refers to the development of OKX as a company active in the crypto market and to the dividends it has been able to enjoy even just thanks to the increase in the prices of Bitcoin and crypto.
Here’s what he said:
“In recent years, I have not known any fund capable of outperforming Bitcoin. Industry operators should be wary of the superstition surrounding the “wealth codes”.”
Not only that, Star continues by stating that the current size of the BTC market is only a tenth of the gold market, but the inflow of funds into Bitcoin ETFs has surpassed that of gold.
This is exactly what Star considers a strong indicator of the potential future development of the crypto sector, which, according to him, could even be multiplied a hundredfold.
Star invites the participants of the event on OKX New Year’s Eve 2025 to always keep BTC within their acceptable investment range, and to continue participating in the sector as a sense of accomplishment.
Finally, it seems that OKX is about to launch a “secret commercial line” in February.
The 2024 of the crypto-exchange
Star also spoke about the successes of the crypto-exchange of the year just concluded 2024. In this regard, he mentioned the development of Web3 wallets and exchange products as entirely satisfactory products.
At the beginning of 2024, OKX had launched a new crypto-exchange in Turkey, OKX.TR, and a new Web3 crypto gaming platform, OKX GameSphere.
Not only that, Star also mentioned all the various achievements in terms of license that OKX has obtained in various locations around the world.
In fact, in September 2024, OKX obtained the license as a Major Payment Institution in Singapore, while as the main European hub to comply with MiCA, chose Malta.
Last October 2024, OKX was found to be the second app in the world for centralized crypto exchanges (CEX), with 2.2 million downloads.
