A Sydney-based cryptocurrency investing platform is trying to make it simple and easy for retail investors to get exposure to digital assets.
Digital assets and blockchain are the future – that much is clear.
But what’s not so clear is how to go about investing in it.
“There are approximately 10,000 cryptocurrencies today,” says Dacxi chief executive Ian Lowe. “In five year’s time, a very, very small percentage of those will survive.”
It’s a bit like the dot-com boom of the late 1990s and early 2000s, he says.
“It was a little speculative, and there was money being splashed around, and some of the businesses were never going to survive – it’s a bit analogous to the emergence of cryptocurrencies.”
Dacxi is trying to solve this problem by making it easy for people to invest in bundles of cryptocurrencies, as well as offering tokenised precious metals.
“The whole premise here is the investor mindset; an individual can build, they can get access to all these asset classes and build a portfolio that suits them,” Lowe says.
For those wanting to invest in the leading cryptos, Dacxi offers a Blue Chip Bundle that comprises 50 per cent Bitcoin, 20 per cent Ethereum, 10 per cent Litecoin and 20 per cent Dacxi coin.
There’s also the Blue Ocean Bundle – 30 per cent Polkadot, 30 per cent Chainlink, 20 per cent Stellar and 20 per cent Dacxi Coin.
“This is a selection of what we would call Tier One cryptocurrencies,” Lowe says. “We think they’ve got a really viable future and offer really great value accretion potential.”
Lastly for those investors that are interested in a more traditional defensive asset, Dacxi is offering a Precious Metals Bundle in conjunction with ABC Bullion to make it easy to get exposure to gold, silver and platinum (plus Dacxi Coin).
Not trading, investing
Lowe says Dacxi’s clients are people who want to invest, rather than trade.
“You will have heard lots about the passive investment strategy as opposed to the active investment strategy,” he says. “Seven out of 10 times, the passive investor walks away with the bigger return, not trying to predict the market cycles, which in crypto is particularly difficult.”
This approach makes crypto more accessible and less intimidating, Lowe says.
He notes that while cryptocurrency is stereotypically male-dominated, about half Dacxi’s clients are women.
“We think that’s fantastic,” he said.
Dacxi, he adds, is really focused on “getting people access, making it easy, and giving them a curated catalogue of opportunities to invest in.”
This article was developed in collaboration with Dacxi, a Stockhead advertiser at the time of publishing.
This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.