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Now On Demand
Chris Rhine, Portfolio Manager at Galaxy Fund Management, will discuss the advantages of active management exposure in a digital asset allocation, particularly in a volatile macro environment.
Billions of dollars have been invested in the blockchain technology industry in the last few years to disrupt the existing financial and technology incumbents. The previous year saw $33 billion in venture dollars invested in the blockchain industry, compromising 5% of all global venture investments. We now see a maturation of innovation on the back of prior groundwork.
This convergence of blockchain technology and traditional industries brings ample opportunities for innovation and disruption. The increasingly digital economy will continue to challenge traditional industries and technologies, similar to past innovation cycles. Our long-term thesis is that blockchain will be the key underlying technology enabling this disruption.
Blockchain is a relatively young industry but has already attracted millions of global users. Based on various on-chain metrics, there are between seven and 50 million active Ethereum users today. This estimate puts crypto somewhere around 1995 when comparing its user adoption of the internet.
The current state of technology adoption and market cycle timing is primed for entry due to the growing number of quality companies and talent in the space. In a few years, blockchain and digital assets have matured from a relatively nascent industry to a largely accepted asset class. Nearly 20% of Americans have used or traded digital assets in these relatively early days.
Learn more about the investment opportunity in the current and next generation of essential digital assets.
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Christopher Rhine, CFA, is a Portfolio Manager at Galaxy Digital focused on actively managed, liquid crypto investment strategies. He brings over 20 years of investment experience to Galaxy’s Asset Management business.
Mr. Rhine joined from Cohen & Steers where he served as Head of Thematic Strategies, including Digital Infrastructure, Global Logistics, and Sustainable Resources strategies. He was also Head of Natural Resource Equities and a Portfolio Manager on the Global Listed Infrastructure team. Prior to Cohen & Steers, Mr. Rhine worked at BlackRock as an analyst and Portfolio Manager on the firm’s Global Opportunities team.
Mr. Rhine has an MBA from New York University and a B.S. in Computer Information Systems from Drexel University. |
