At the Forbes Thailand Forum: The Next Tycoons 2025 held Tuesday, industry leaders discussed the enduring appeal of gold as a safe haven and the promising future of cryptocurrencies over the next three to four years. The event’s theme, “Investing Beyond the Downturn,” explored assets diversification, digital disruption, and strategic portfolio management.
Kiradit Hirunyasiri, COO of MTS Gold, highlighted that gold prices in Thailand are projected to reach 58,000 baht per baht-weight by year-end, driven by expectations of global interest rate cuts. He advised investors to continue accumulating gold, which has historically delivered an average five-year return of about 12%, with current gains already up 27% this year. Globally, gold has risen nearly 55% over three years and doubled in five, reaffirming its role as a reliable hedge. MTS Gold’s trading volume in 2024 hit 1.7 trillion baht, a 50% increase from the previous year, fueled by geopolitical upheaval and crises.
Kiradit also suggested that Thai gold prices could reach 60,000 baht if the baht weakens to 34–35 against the dollar, implying a potential global gold price of around $3,800 per ounce—up from the April peak of $3,500. He recommended allocating about 15% of a diversified portfolio to gold, 10% to Bitcoin, with the rest in stocks and bonds based on individual risk appetite.
Nirun Fuwattananukul, CEO of Binance Thailand, expressed optimism about digital assets, predicting a significant turning point over the next three to four years driven by rising institutional demand. Bitcoin recently reached a new all-time high, doubling in value within a year, partly fueled by policies supportive of digital assets and Donald Trump’s pro-growth stance. Nirun emphasized that while gold remains the safest asset during crises, Bitcoin is seen as a high-growth, albeit volatile, asset. He estimated Bitcoin could eventually reach $200,000, with its timing depending on market supply, demand, and institutional involvement.
Nirun also praised Thailand’s regulatory progress, noting the quick implementation of digital asset rules and sandbox initiatives for cryptocurrency payments. He concluded that digital assets are here to stay, and over the next decade, both Bitcoin and cryptocurrencies are likely to continue gaining global acceptance.