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Highlights
- An Australian fund manager achieved 28,000% returns in less than two years.
- Richard Galvin is the founder of Digital Asset Capital Management (DACM), an investment firm based in Australia.
- For Australian investors, DACM recently introduced a wholesale-only offering. It'd essentially be a long-only fund that invests directly in cryptos like Ethereum, Luna, Bitcoin, and Solana.
Do you harbour a secret desire to ‘time travel’? So, without further ado, let’s prepare to travel quickly in the future. Well, the crypto realm is analogous to a time machine. It's not a prank. The crypto space seems to be offering returns which the conventional investment may not result in decades.
Recently, an Australian fund manager achieved over 28,000% returns in less than two years. In the crypto space, however, two years might feel like two decades. So, if you want to invest in digital currencies using a 'crypto time machine,' you could potentially get a higher return than you ever imagined.
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Let's enter into the 'crypto time machine' to see how an Australian fund manager made a tidy profit in a relatively short period.
Fund manager who overcame all risks to wear the crown
Richard Galvin is the founder of Digital Asset Capital Management (DACM), an investment firm based in Australia. In 2018, he was introduced to Terra, which is a blockchain-based payment network. Terra's cutting-edge technology enables him to provide more stable blockchain-based financial services.
Galvin, a savvy fund manager, entered Terra in 2020 with the goal of earning a massive return, and his wish was finally fulfilled. Terra is currently trading at US$66, with a market capitalisation of US$25 billion, representing a staggering 28,000% rise over DACM's initial purchase price.
Before the holiday season, Galvin has more to offer. For Australian investors, DACM recently introduced a wholesale-only offering for an investment fund. It'd essentially be a long-only fund that invests directly in cryptos like Ethereum, Luna, Bitcoin, and Solana.
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What factors have contributed to DACM's success?
The following is a list of the factors that aided DACM's growth.
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Final thoughts
DACM's global digital asset fund, according to Galvin, has risen tenfold in one year. The team must deal with persistent volatility. The cryptocurrency market is prone to unexpected stomach-churning drops, necessitating steady hands and strong nerves. So, before embarking on a ‘crypto time travel machine’, all investors should be prepared for the machine could crash, which means they may not land successfully in the crypto space to reap skyrocketing profits.
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