Local experts say Senator Andrew Bragg’s crypto recommendations will turbocharge Australia’s innovation industry, giving operators and investors comfort to try new things with regulations to protect them, but some are still sceptical of the government’s capacity to deliver.
Venture-capital investor Mark Carnegie is backing the nascent play-to-earn cryptocurrency market through Crypto Gaming United, a coalition of more than 1,500 players that he expects will grow to 100,000 over the next 18 months.
Mr Carnegie’s MH Carnegie & Co will form a strategic partnership with Perth-based investor Ian Love’s Blockchain Early Opportunities Fund, which has $40 million to target investments in a variety of crypto assets.
M.H. Carnegie & Co's Founding Partner Mark Carnegie believes crypto is a game changer, suggesting its evolution is similar to how the railways opened up the continents two centuries ago. While he has no idea how it will play out, he thinks this is where you should be invested.