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Insights are issued by DACM Australia Pty Ltd (ABN 50 624 214 777), Corporate Authorised Representative No. 001293214 of Quay Wholesale Fund Services Pty Ltd (AFSL 528526), and are directed to wholesale and professional investors only. They are general information and market commentary, not personal advice, and do not take account of your objectives, financial situation or needs. Each insight reflects the views of its author or speakers on the date shown on it. For a recording, that is the date it was recorded or, where that is not known, the date it was first published. Insights are not updated after that date, may no longer reflect DACM's views, and statements in them about future matters are opinions based on assumptions that may prove incorrect. References to digital assets, protocols and projects are not a recommendation to acquire, hold or dispose of them, and DACM funds and personnel may hold positions in them. Nothing here is an offer or invitation to acquire an interest in any fund. Past performance is not a reliable indicator of future performance. Read the full important information.