This Aussie fund manager is in news for clocking mind-boggling returns

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 This Aussie fund manager is in news for clocking mind-boggling returns
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Highlights

  • An Australian fund manager has 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. 

Recently, an Australian fund manager achieved 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, you could potentially get a higher return in using a ‘crypto time’ than you would have ever imagined.

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Let's see how an Australian fund manager made a tidy profit in a relatively shorter period.

Which fund manager overcame all the 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 the “Terra project” in 2020 with the goal of earning a massive return, and his wish is recently got fulfilled.

Savvy individuals have managed to profit while dodging all the risks in the fast-paced crypto world. 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. It'd essentially be a long-only fund that invests directly in cryptos like Ethereum, Luna, Bitcoin, and Solana. 

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Which 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. However, DACM may make crypto investment appear simple and easy.

Investing in crypto assets, on the other hand, has several drawbacks. Most notably, quick access to potential investment data and a lack of consistency. 

Furthermore, the DACM team must deal with persistent volatility. The cryptocurrency market is prone to unexpected stomach-churning drops, requiring steady hands and strong nerves.

So, before embarking on a crypto investment ride, all investors should be prepared for a possible crash, which means they may not land successfully in the crypto space to reap skyrocketing profits.

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