25-Year-Old Records $7M Profit From Crypto Trading Desk at Home

• A 25-year-old registered a million-dollar-worth trading company at his parents’ house, successfully trading over $2 billion in Bitcoin and other cryptocurrencies.
• The trading desk, PO Street Capital, scored a $7 million profit in 2021 and a 1,400% profit when compared with 2020.
• As Bitcoin revisited its all-time high at $20,000 in late 2020, other cryptocurrencies saw similar or higher profits and the trading desk saw its profits swell.

A 25-year-old Australian man recently registered a million dollar-worth trading company at his parents’ house. The trading desk, PO Street Capital, is the brainchild of Darren Nguyen, a man who was determined to make a success of his cryptocurrency trading venture. Over the past two years, the company has kept a low profile and avoided attracting attention, but its success can no longer go unnoticed.

In 2021, PO Street Capital reported a whopping $7 million profit, a 1,400% increase when compared with its 2020 performance. Similarly to the rest of the crypto market, the trading desk experienced a surge in profits as the bull cycle ended in mid-February, with the company scoring a $460,000 profit.

The success story of PO Street Capital coincides with Bitcoin’s performance in late 2020. Following a turbulent period, the cryptocurrency revisited its all-time high of $20,000 and went on an impressive bull run. In subsequent months, the Bitcoin price kept growing to eventually reach an unprecedented all-time high of $60,000.

The success of Bitcoin was mirrored by other cryptocurrencies, with Ethereum – the second crypto by market capitalization – rising from under $100 to an all-time high of $4,500. As the crypto market continued to surge, PO Street Capital was able to make the most of the situation and recorded a historic $7 million profit.

The incredible performance of the trading desk was eventually made public in 2022, when the company disclosed its financial results to the Australian Securities and Investment Commission. Despite its initial attempts to remain under the radar, PO Street Capital’s success is now firmly established, and the company is likely to remain a key player in the crypto market for years to come.