Category: Bitcoin

Following yesterday’s call by Steve Vallas – the CEO of Blockchain Australia, a coalition of blockchain-oriented Australian businesses – more big-league Aussie blockchain experts have joined the call for more government support for this budding industry.

Lagging Behind The USA By About 2 Years

Leigh Daniel Travers – the CEO of DigitalX, a Technology Fast 50 company specializing in customized blockchain solutions – stated that Australian companies typically don’t deal with international markets as much as companies from other countries might. He believes institutional investors are one of the many things that could spur on the rate of crypto adoption in Australia.

“Both of those markets in Australia haven’t seen a lot of adoption compared to global markets. Australians typically haven’t had too much involvement into international markets unless it’s managed on their behalf.”

In addition, he went on to say that there is a relatively well-known consensus in the industry that Australian regulation for new technology is around 2 years behind that of the US, and this has an impact on investors’ willingness to shop around on Aussie markets.

“Australia hasn’t had a Greyscale equivalent and that’s really prevented a lot of investors coming into the marketplace because they want to go through the process they usually go through. Having a familiar vehicle makes a lot more sense and that’s what we’re trying to bring to the market. I think there’s probably a well-understood investment cycle where Australia is 2-3 years behind US markets and that appears to be playing out in the crypto investment market as well.”

These aren’t empty words, either: in a recent update given to the ASX regarding its use of funds, DigitalX made note of the fact that they’ve increased their direct exposure to Bitcoin – as well as other digital assets by more than 70%.

When you’re a young lad, your interests tend to revolve around the same things they have for centuries – enjoying the outdoors, chatting with your mates, and occasionally trying new things for the thrill of it.

Disclaimer: Be careful when trading Cryptocurrencies. They could can easily go to zero as well as going up. Please read our basic guides to learn more.

$10k Before Sweet Sixteen

To say the world is changing is an understatement. In Australia, for instance, older high-stakes pastimes are being phased out for more profitable ones – in this case, crypto investing.

According to the Sydney Morning Herald, these days teens are more likely to be trading in crypto – and making a tidy sum off of it, in many cases.

Sam from Cronulla Beach is an avid surfer – and he’s put his earnings from his job as a surfing instructor towards the crypto market, where he’s managed to turn a profit of 8.5k so far before hitting 16.

Waking up to catch some waves before school leaves you plenty of time to check the market before others wake up – and in crypto trading the early bird tends to get the worm.

Sam knows this and says that he’s planning to cash out before the market becomes shaky.

I just figure if everyone is talking about it and FOMOing, surely, it’s going to pop soon. Maybe I’ll take a little bit of money out, so I don’t get burnt on the way down.”

In order to trade, he’s using a crypto trading account opened in his father’s name – who is quite proud of his sons’ success in a very volatile market.

“As a parent, I’m amazed by how many hours of reading and research he is doing. He’s researching economics and what the market is doing.”

It’s important to note that cryptocurrency – like any investment – tends to be incredibly volatile, and should be approached with caution and a good amount of research.

Sam trades in Bitcoin, Ethereum, and Polkadot – but admits he’s also lost some on riskier ventures. Haven’t we all though?

Big up to you Sam!