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Go long and let others take the risk: crypto fundies’ top strategies

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Leading Australian digital asset managers say investors should look through the volatility hitting cryptocurrency markets and instead seek out tokens with track records if they wish to capitalise on the rocketing returns the asset class has become known for.

“Our view is you’re better off just staying long and taking the volatility – which is quite high,” said Richard Galvin, executive chairman and chief investment officer of Sydney-based DACM, which manages around $US400 million ($585 million) in digital assets.

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Lucy Dean writes about wealth management, personal finance, lifestyle and leisure, based in The Australian Financial Review's Sydney newsroom. Connect with Lucy on Twitter. Email Lucy at l.dean@afr.com
Joshua Peach is a Markets Reporter at The Australian Financial Review Email Joshua at joshua.peach@nine.com.au

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    Original URL: https://www.afr.com/markets/equity-markets/go-long-and-let-others-take-the-risk-crypto-fundies-top-strategies-20240923-p5kcmn