Thailand's social media has seen a significant surge of discussions surrounding Bitcoin as its price recently slumped below 80,000 US dollars, sparking renewed interest among traders who believe it to be a great buying opportunity. Particularly, comments about buying Bitcoin during the slump surged to their highest levels seen over the past seven months according to Santiment, a blockchain analytics platform. Santiment warns, though, against the prevailing sentiment among traders, emphasizing rather than being the right time to buy, such enthusiasm can often lead to contrary market movements.
On February 25-26, discussions around buying Bitcoin amid falling prices peaked across platforms like X, Reddit, and Telegram. This doctor on the situation noted, "since February 25th, Bitcoin prices dipped steeply after President Donald Trump announced plans to impose new tariffs on imports from Canada and Mexico. The price fell below 90,000 dollars, and the pressure continued to weigh on it due to Trump's threat of increasing tariffs on Chinese imports, coupled with global economic uncertainties."
On February 28, the Bitcoin price hit around 80,400 dollars, only to see drops continue. Ethereum also struggled, descending over 30% within the month.
Over 98% of the crypto traders viewed the drop as the right time for investment, with Google Trends reflecting great interest leading up to the weekend. Searches for “buy the dip” hit their peak popularity at 100 on February 26. Yet, as enthusiasm dwindled, levels dropped back to 49, indicating decreasing interest. Santiment also reflected rising discussions about the broader “crypto” topic, which peaked at 100 and currently stands at 87.
Meanwhile, as AI technology continues its swift advance through generative and agentic AI usage, many ponder whether this trend brings relief or increased stress among workers. AI has markedly transformed workplace environments, demanding constant upskilling and adaptation to new tools.
According to Wasan Liwlompaisal, Chief Technology Officer at MFEC, generative AI is being widely embraced for functions such as coding support, enhancing the productivity of developers. He noted, “Younger generations may struggle to code without AI assistance, becoming reliant on it for effective work.” AI's impact has encouraged organizations to use it extensively, and MFEC’s developers often adopt AI as they continue their projects.
AI similarly aids employees across different sectors. For example, during internal meetings at MFEC, AI tools consolidate information effortlessly, wrapping up discussions speedily. Wasan explained, “Workers can now leverage AI to assist with tasks they find repetitive or time-consuming, enabling them to focus their energy elsewhere.”
Nonetheless, excessive reliance on AI raises questions about skills and knowledge. Team members are urged to remain proficient and apply analytical frameworks, ensuring the content produced is of high quality. Wasan highlighted important distinctions between generative and agentic AI: the former produces content based on prompts, and the latter interacts dynamically with other systems, such as email and calendars, improving efficiency dramatically.
Conversely, rising scams exploit current trends, evident from reports like one offering fraudulent appointment scheduling for health services at Bach Mai Hospital. Individuals reported being swept away with scams promising easy services, shelling out sums upwards of 600,000 VND only to arrive and find their names missing from the appointment roster.
Cautioning the public, Bach Mai Hospital reminded people to verify their appointments through official channels and avoid trusting unauthorized sources, emphasizing clarity over such urgent concerns. Electronic appointment systems must be viewed critically, as scams can arise easily amid genuine public need.
Alerts resoundingly reflect the interplay between opportunity and risk; on social platforms, health and investment students-of-life find intrigue and clarity, often aware of potential pitfalls but often lured by the thrill of prospects.
To wrap up, varied trends across Thailand's social media demonstrate vibrant engagement with both cryptocurrencies and AI-adopted technologies, reflecting society's interplay with rapidly changing methods. Were one to monitor the intertwining of finance, burgeoning technology, and the ever-present human need to connect, we'd find the pulse of Thailand's digital culture.