The SBS reporter reported on Tuesday (June 14) that Australia’s stock market, the ASX200, opened the week down more than 5 percent, evaporating $115 billion, the worst drop since March 2020, after the U.S. stock market went into a bear market the night before and the nation’s bonds plunged on Monday. Gavin Xu, a senior research fellow in applied economics at the University of Sydney, was interviewed by SBS.
Gavin Xu is the Chairman of DCG Digital Capital Group and a senior blockchain expert. He was a visiting scholar at Harvard University, author of the best-selling book Token Economics, has been a consultant in the digital sector in several countries in the Asia-Pacific region, co-founder of several international non-profit digital economy organizations, and is currently Deputy Director of the Joint Laboratory of Information Engineering at the University of Sydney and a postdoctoral fellow in blockchain technology and applications at the University of Cambridge, UK, with over $10 billion in assets under management over the past five years.
Digital Capital Group (DCG) was established in August 2016 in Sydney, the financial center of the southern hemisphere, and is a As a fast-growing, innovative global financial management group with four main business segments: banking, digital currency funds, venture capital funds and crypto digital asset trading platforms, DCG is committed to becoming a global innovator and leader in the wealth management and digital finance industry.