âThe price could explodeâ: bitcoin stirs institutional interest
Jan 29, 2021 â 12.01am
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Bitcoin's surging valuation has carried Australian capital markets veteran Richard Galvin's Digital Asset Capital Management to a 2020 return of 428 per cent, making the dealmaker turned fund manager the face of a movement that's staking a claim as a future reserve currency.
Soaring interest from professional investors means bitcoin could turn a breakthrough 2020 into a sustainable future and extreme monetary policy is helping legitimise the once renegade cause.
Vimal Gor, who oversees $22 billion in assets, says investors have an opportunity to buy bitcoin before a wall of institutional money hits. Â