The rise of bitcoin as an asset class: Are we losing trust in money? By Dirk Steller 18 May 2021
Bitcoin was essentially created by those who didn’t believe in the established monetary system, they wanted to create an environment where monetary exchanges could take place outside of the established system by removing not only the third-party intermediaries but also replacing the traditional units of exchange.
So why is investing in bitcoin becoming more mainstream? According to Forbes data, at least 7 million people worldwide have dabbled in bitcoin or digital currency investing.
While some might argue that it’s not an asset class, bitcoin seems to be one of the newest things being treated as such by sophisticated investors.
May 12, 2021
Treasurer Josh Frydenberg speaks to the media as he arrives to Parliament House in Canberra. Source: AAP Image/Mick Tsikas.
Last night’s federal budget gave us a whole lot to cover, both in terms of small business and startup initiatives. But between the digital economy plan, tax relief for SMEs and measures to boost employment, there were a few things missing.
Here are eight things we were looking out for that just didn’t materialise.
Support for women entrepreneurs
When it comes to encouraging entrepreneurship among women, the Women’s Budget Statement fell short of announcing any new support packages.
Australian Government Review Welcome But Much Work To Do For VC: Seed Space Date
11/05/2021
Seed Space, a venture capital firm focused on early stage fintech investments, welcomed the Government’s Budget commitment to doing more to encourage venture capital investment, but reiterated Australia has much to do to match global tech hubs.
“Senator Bragg has said many times he wants Australia to be a leader in this space, but we remain laggards in investor and founder incentives; in direct investment; and in creating a favourable environment for fintech,” Founder and Managing Partner Dirk Steller said. “Until these things are addressed, competing with other hubs is a mere pipe dream.”