Economic Trends and Conflict Implications

Horizon Oasis's Perspective:

A. Asset Tokenization:

Originating from the cryptocurrency market, tokenization involves converting assets into blockchain-based tokens transferable within

the blockchain network. This process resembles traditional asset securitization but takes place within the blockchain ecosystem.

The anticipated benefits of tokenization include:

①Immutability and Trust: Enabled by blockchain technology.

②Borderless Market Participation: Facilitated by the internet.

③Increased Participation: Achieved through asset subdivision, expanding the participant base.

④Key challenges and breakthroughs revolve around integrating tokenization into existing systems, regulatory oversight, and

assessing the broader economic environment.

The Federal Reserve has issued a report on tokenization.https://www.federalreserve.gov/econres/feds/files/2023060pap.pdf

Horizon Oasis’s Opinion:

Asset tokenization may evolve into a regulated emerging trading market, enabling greater international participation. The nature of

tokenized assets is expected to transform with diverse participants and simplified entry methods. Horizon Oasis anticipates that asset

tokenization will become a pivotal component of the securities market, potentially attaining a market size between that of the futures

market and the stock market as it matures.

Horizon Oasis will closely monitor this market and evaluate potential participation strategies.

B. The Growing Market Influence of the Elderly:

Following the Federal Reserve's interest rate policy adjustments, opinions are divided between expectations of a major market

correction or even a recession and a more optimistic outlook of a soft landing. Traditionally, the elderly demographic was perceived to

have a relatively negative impact on economic theory, with limited ability to drive economic growth significantly. However, today’s

landscape tells a different story.https://www.wsj.com/economy/consumers/us-economy-seniors-spending-money-d9f529c5?page=1

Horizon Oasis's Perspective:

Changes in demographic structures and technological advancements have redefined labor on the supply side of the economy,

moving beyond physical strength. The elderly now play a vital role in positions that demand wisdom and experience. On the consumer side, contrary to conventional wisdom about reduced elderly consumption, there is an expanding range of consumption

scenarios tailored to this demographic.

Medical advancements have improved the elderly's quality of life, indirectly stimulating their consumption patterns. Moreover, the

rapid economic growth of the past century has equipped today's elderly with better technological knowledge and a more receptive

attitude toward new technologies. Through the use of various devices, they continue to actively engage in the ever-evolving

economic landscape.

Compared to the past, Horizon Oasis believes that the elderly now play a more significant role in today's and future

societies' economies.Exploring the medical technology, financial technology, and artificial intelligence markets is expected

to reveal significant potential. The focus should be on services and products that lower technical barriers to participation

for a broader age group.

C. The Israeli-Palestinian Conflict:

In October 2023, a distressing conflict unfolded in the Israeli-Palestinian region, affecting market sentiment.

We continue to monitor its potential impact on the oil market, cryptocurrency market, and the overall economic environment. Specifically, we closely watch whether Bitcoin's price is influenced by risk aversion. While rising interest rates in the U.S. Treasury market provide a robust hedge for investments, it's vital to track the trends of hedging instruments such as gold and Bitcoin, which hold exchange value in the consumer market.

Horizon Oasis extends sincere gratitude to all our supporters for their unwavering backing. Your support is our primary motivation to advance. If you require any assistance, please do not hesitate to contact us. We eagerly look forward to future collaborations.